International Battery Metals is about to bring a solution to the problem, and the technology it will bring will bring in $84 billion in revenue from the development of salt lake lithium mines. Lithium will be produced faster and at a lower cost.
At present, lithium production requires evaporation for up to 18 to 24 months. After all other elements in the lithium ore are extracted, only lithium is left, and the mining is completed. The biggest problem is that it is very difficult to expand lithium production, and thousands of evaporation ponds need to be built.
IBAT's new technology is an anti-traditional method that 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 Bulba said: "Our technology can extract lithium directly. The core of technology - Selective Absorption is the only commercially viable solution."
The traditional approach requires the removal of other elements in the lithium mine, and this new technology extracts lithium directly from the lithium mine.
According to Burba, the core idea of ​​this technology is to extract lithium based on the basis of continuity. This technology collects lithium in flowing brine brine and ignores other impurities to ultimately obtain diluted lithium chloride. The entire extraction process takes 24 hours, which means people can say goodbye to the 18 to 24 month extraction cycle of traditional methods. This is undoubtedly a revolution in lithium refining technology. Burba said that the new technology will greatly meet the production needs of lithium batteries .
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