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☆ The Great Salt Lake is becoming a toxic bowl of dust — it may also contain the answer to a greener future
▼ + stars: | 2024-02-13 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +3 min

A startup plans to extract lithium from the Great Salt Lake by temporarily sucking up its water. AdvertisementUtah's Great Salt Lake is leaving behind a toxic bowl of dust as it disappears — but hope for a greener future may also lay in the salty water. The Great Salt Lake, the largest saltwater lake in the Western hemisphere, is laced with lithium, a mineral used to make rechargeable batteries in electric vehicles. A California-based startup called Lilac Solutions wants to remove billions of gallons of water from the Great Salt Lake, extract the lithium, and then return the water. AdvertisementThe Great Salt Lake has faced record-low water levels in recent years that scientists blame on excessive water use.

Persons: Bill Gates, —, Raef Sully Organizations: Solutions, Breakthrough Energy Ventures, Service, Street Journal, Lilac Solutions, Salt Lake Tribune, Mitsubishi, Nature Conservancy, EV Locations: Salt, California

Boric's shock announcement was all the more surprising as no DLE technology has reached commercial production without the use of those ponds, sparking competition to be the first. "Given those demand projections, there's definitely need for more supply from DLE," said Jordan Roberts, a Fastmarkets lithium industry analyst. A customer aiming to produce 15,000 metric tons of lithium each year, for example, could buy three stackable IBAT lithium plants. Exxon has also held talks with EnergySource Minerals about licensing DLE technology, two of the people said. Many brine deposits have varied chemical compositions, meaning it's unlikely that one DLE technology will emerge as a global leader.

Persons: DLE, Ken Hoffman, Gabriel Boric, Eramet, Sunresin, John Burba, That's, Alec Lucas, Jordan Roberts, IBAT, Garry Flowers, Eli Horton, Gavin Rennick, Sinead Kaufman, Dave Snydacker, Steven Schoffstall, doesn't, Chris Doornbos, Ernest Scheyder, Veronica Brown, Claudia Parsons Organizations: . Geological, EV Battery Materials Research, McKinsey & Co, Minerals, Battery Metals, Rio Tinto, Battery Tech, Fastmarkets, Exxon Mobil, Chevron, Reuters, Exxon, EnergySource Minerals, Koch Industries, Ford, SLB's New Energy, Mining, Solutions, BNP, BMW, Breakthrough Energy Ventures, Lake Resources, Miners, General Motors, Canadian, Imperial Oil, Thomson Locations: CHARLES , Louisiana, Europe, Asia, North America, Rio, U.S, DLE, Louisiana, Arkansas, Salton, Salt, Chile, Schlumberger, Nevada, Argentina

☆ How new lithium extraction technology could help us meet electric vehicle targets
▼ + stars: | 2023-06-05 | by ( Katie Brigham | ) www.cnbc.com time to read: +6 min

Today, most lithium brine mining takes place in the Salar de Atacama, an expansive salt flat in northern Chile that contains the highest quality lithium brine in the world. EnergyXDoing things differentlyIn a world before electric vehicles, traditional methods of brine mining and hard rock mining more than sufficed to meet global lithium demand. It's the brine resources that are large enough to electrify the vehicle industry," Snydacker said. Lilac Solutions is developing a direct lithium extraction facility in Argentina in partnership with Australian lithium company Lake Resources. Lilac Solutions

Persons: Dave Snydacker, DLE, Amit Patwardhan, Robert Mintak, there's, Snydacker, EnergyX, It's Organizations: Lilac Solutions, Solutions, Bay, Resources Locations: Salar, Atacama, Chile, Arkansas, Salt, Argentina, Bolivia, California , Utah, China, Australian

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow new lithium extraction tech could help meet EV targetsA suite of new, but largely unproven, technologies known as direct lithium extraction could revolutionize lithium mining from brine, making it more efficient and sustainable and eliminating the need for large evaporation ponds. A number of companies including EnergyX, Lilac Solutions, and Standard Lithium are entering the DLE market and getting ready for commercial implementation across South America and the U.S., while automakers like BMW, GM and Ford are investing.

Organizations: EV, Solutions, South, BMW, GM, Ford Locations: South America, U.S

Many DLE technologies use lots of potable water and electricity. SQM (SQMA.SN) and Albemarle Corp (ALB.N), Chile's two existing lithium producers, use evaporation ponds to produce the metal. Livent Corp (LTHM.N) uses a variation of DLE technology in Argentina alongside evaporation ponds. Lake Resources is working with Bill Gates-backed Lilac Solutions Inc to deploy Lilac's DLE technology in Argentina. In Chile, DLE companies see a business opportunity despite the nationalization plans given that Boric's new state lithium company is expected to need technical support.

[1/2] The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. Many teem with lithium, calcium and other minerals, and DLE technologies aim to separate out the lithium and leave the rest. LITHIUM METAL FROM BRINEEnergyX has said its technology can make lithium metal directly from brine, a tantalizing prospect for GM that could let the automaker bypass lithium refining, which is widely seen as a key supply chain bottleneck. The EnergyX investment comes after GM in January agreed to pay $650 million to become the largest shareholder in Lithium Americas Corp (LAC.TO), which is developing the Thacker Pass clay lithium project in Nevada. "This GM investment will completely change the trajectory of EnergyX," said Teague Egan, the startup company's founder and chief executive.

☆ Bolivia taps Chinese battery giant CATL to help develop lithium riches
▼ + stars: | 2023-01-20 | by ( Daniel Ramos | ) www.reuters.com time to read: +2 min

LA PAZ, Jan 20 (Reuters) - Bolivia has chosen a consortium including Chinese battery giant CATL (300750.SZ) to help develop the South American country's huge, but largely untapped, reserves of lithium after a lengthy bidding process involving firms from the United States and Russia. The deal announced at an event in the political capital La Paz would see the CBC consortium partner on direct lithium extraction from the country's Potosi and Oruro salt flats. The companies who have remained in the race include U.S. firm Lilac Solutions, Russia's Uranium One Group and three other Chinese bidders. "Today begins the era of industrialization of Bolivian lithium," Arce said, adding that there was "no time to lose" in developing the metal. Energy minister Franklin Molina said the move showed there were "sovereign alternatives to the privatization models of lithium exploitation."

☆ How to cash in on the new wave of electric car tax credits and rebates that could save you thousands on a new ride
▼ + stars: | 2023-01-18 | by ( Alexa St. John | ) www.businessinsider.com time to read: +8 min

Electric vehicles are expensive, but tax credits might be able to help. The Biden Administration's Inflation Reduction Act, passed last August, introduced some new EV credits and extended existing ones, with some changes. Here's what to know about claiming tax credits and rebates on electric car purchases. George Rose/Getty ImagesState creditsDifferent states have different incentives for EVs, in addition to the federal tax credits. Not every state has an electric car tax credit or rebate program, so it's important to check individual state websites for information.

☆ Australia's Lake Resources to supply lithium to S. Korean battery maker
▼ + stars: | 2022-10-12 | by ( ) www.reuters.com time to read: +1 min

Oct 12 (Reuters) - Australia's Lake Resources (LKE.AX) said on Wednesday it had signed a deal with South Korean battery maker SK On Co Ltd to supply lithium from its flagship Kachi project in Argentina. SK On, a unit of SK Innovation (096770.KS), will acquire a 10% stake in New South Wales-based lithium developer Lake Resources as part of the agreement. Automobile and battery makers have been signing deals with Australian miners for supply of lithium, a key ingredient in electric vehicle batteries, amid a global push towards cleaner sources of energy. read moreThe agreement allows SK On to secure a stable lithium supplier for its U.S. supply chain, said Jinsuk Ryu, SK On's vice president. Last month, Lake Resources said operations at its Kachi project were proceeding, after a dispute with Bill Gates-backed Lilac Solutions over certain performance milestones to get a 25% stake in the project.

☆ Factbox: Automakers accelerate drive to secure battery raw materials
▼ + stars: | 2022-10-10 | by ( ) www.reuters.com time to read: +7 min

read more08-Dec-2021 - Belgium's Umicore (UMI.BR) will supply cathode materials for Volkswagen's European battery cell factories under a joint venture. MERCEDES BENZ (MBGn.DE):23-Aug-2022 - Mercedes-Benz strikes cooperation agreement with Canada to secure access to lithium, nickel and cobalt. read more04-Oct-2021 - BHP Group (BHP.AX) will supply nickel sulphate from Western Australia to Toyota and Panasonic's joint venture. read moreFORD (F.N)22-July-2022 - Ioneer Ltd signs binding offtake agreement with Ford to supply lithium from Rhyolite Ridge in Nevada. read more22-Sept-2021 - Ford partners with startup Redwood Materials to form a "closed loop" or circular supply chain for electric vehicle batteries, from raw materials to recycling.

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