International Battery Metals is about to bring a solution to the problem. The technology it masters will bring $84 billion in benefits in the development of salt lake lithium resources. The production of lithium will be faster and the cost will be lower.
At present, the production of lithium requires 18 to 24 months of exposure and evaporation. After all other elements in the lithium mine are extracted, only lithium is left, and the mining is considered complete. The biggest problem is that it is very difficult to expand lithium production, and thousands of evaporation ponds have to be built.
This new technology of IBAT works against the traditional method, which removes the evaporation pond from the entire production process of lithium. This technology will reduce the extraction time to 24 hours. Even better, its lithium extraction rate will increase from 40% to 90%. John Burba said: "Our technology can directly extract lithium. The core of the technology-Selective Absorption is the only commercially proven feasible method."
The traditional method needs to remove other elements in the lithium ore first, and this new technology can directly extract lithium from the lithium ore.
According to Burba, the core idea of this technology is to extract lithium on a continuous basis. This technology collects lithium in the flowing brine and ignores other impurities, and finally obtains diluted lithium chloride. The entire extraction process takes 24 hours, which means that people can say goodbye to the 18 to 24 month extraction cycle of traditional methods. This is undoubtedly a revolution in lithium extraction technology. Burba said that the new technology will greatly meet the production needs of lithium-ion batteries.