Lithium Demand Expected To Rise

Bloomberg reported lithium demand is spurring a U.S. company to build a factory to extract the metal from brine in California.

As quoted in the market news:

Simbol Materials LLC’s proposed Imperial Valley plant near the Mexican border would slash the time and cost needed to extract lithium from salty water, Chief Executive Officer Luka Erceg said in an interview. The closely held, Pleasanton, California-based company may boost output from an initial 8,000 tons a year to as much as 64,000 tons by the end of the decade, Erceg said, equal to 21 percent of projected global demand.

Click here to read the full Bloomberg report.