**Lithium Startups Bet on High Demand in Battery-Powered Future**

As the world shifts towards electrification, the demand for lithium, a key component in batteries, is projected to soar. **BloombergNEF** predicts that global lithium demand could triple by 2030. This surge is inspiring a new wave of startups to innovate in lithium production.

Focus on Direct Lithium Extraction

Direct lithium extraction (DLE) techniques are gaining momentum as startups seek to compete with traditional methods. By retrieving lithium from brine using novel approaches like lithium-attracting beads and membranes, these technologies promise higher efficiency and reduced environmental impact.

Advantages of DLE

Lilac Solutions Inc. (LILAC) and other DLE companies claim their methods use less water and resources. They address environmental concerns by targeting brines with lower lithium concentrations, which are abundant but difficult to exploit.

Challenges and Opportunities

Despite technological advances, economic conditions pose hurdles for lithium startups. Following a price drop in 2023, investors are hesitant. Yet industry leaders remain optimistic about scaling new methods to meet future demands.

**SpecifX** and **Rio Tinto-backed ElectraLith** are pushing boundaries with next-gen DLE technologies. These include membrane separation, heralded as a game-changer for its eco-friendly attributes.

**Investment and Market Forecast**
These startups are betting on long-term growth, with some projecting significant increases in lithium output. **Lilac Solutions**, for example, plans a major plant capable of producing 5,000 tons annually by 2026, aiming to become North America’s largest DLE facility.

Overall, while traditional lithium mining faces water scarcity and environmental issues, startups leveraging innovations in DLE are positioned to revolutionize the landscape.

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