YonhapNews reported that Korea’s largest steelmaker, POSCO, is close to commercializing a new method of extracting high-quality lithium efficiently and directly from raw materials.
According to the news:
The company said its Research Institute of Industrial Science and Technology (RIST) has been perfecting a chemical reaction process to isolate the valuable silvery white metal from lithium-rich salt water and other impurities.
POSCO said it has started work in June to build a fully operational pilot plant in Argentina’s Jujuy Province. Once built, it can produce 200 tons of lithium per year, with full-fledged production expected in 2016. South America has many dried up salt-water lakes that are rich in lithium.
|Nemaska Lithium Inc. (TSXV:NMX,OTCQX:NMKEF) has developed innovative methods of converting lithium sulfate into high purity lithium hydroxide and carbonate and intends to serve the growing lithium battery market with its lower cost, higher purity lithium hydroxide. Connect here and don't miss an update!|