Revolutionary Lithium Filtration Technology Launched by International Battery Metals - Potential Game Changer for Electric Vehicle Industry
By Ernest Scheyder
International Battery Metals (IBAT) has introduced a groundbreaking lithium filtration technology in rural Utah, in partnership with US Magnesium. This move could lead to a significant increase in the supply of electric-vehicle battery metal, making it cheaper and more accessible.
IBAT's direct lithium extraction (DLE) technology aims to reach a production rate of nearly 5,000 metric tons per year within four weeks. This puts them in direct competition with industry giants like Standard Lithium, Rio Tinto, and Eramet, all vying to be the first to achieve commercial production.
The DLE industry is projected to become a $10 billion annual revenue industry within a decade, revolutionizing lithium production for EV manufacturers. This technology promises to be more efficient and environmentally friendly compared to traditional extraction methods.
IBAT's strategy involves building small, portable plants that can be easily relocated for reuse, saving on construction costs. Each plant is designed to increase production in 5,000-ton increments, making scalability easier and more cost-effective.
Despite the recent drop in lithium prices, IBAT remains optimistic about the future of the industry. US Magnesium has already expressed interest in paying royalties to IBAT once they start selling lithium produced using their technology.
Overall, IBAT's innovative approach to lithium extraction could have far-reaching implications for the electric vehicle market and the renewable energy sector as a whole. By streamlining production and making lithium more accessible, this technology has the potential to drive significant growth and innovation in the industry.