National Energy Technology Laboratory (NETL) aimed to find alternative ways to meet domestic lithium demands. A recent study reveals Pennsylvania’s fracking wastewater could supply up to 40% of U.S. lithium requirements. This wastewater, rich in lithium, originates from the Marcellus Shale formation. This finding marks… Read More »Pennsylvania’s Fracking Wastewater Holds Key for Domestic Lithium Supply
Occidental Petroleum (OXY) and Berkshire Hathaway Energy announced a joint venture to extract lithium through geothermal electricity production. This collaboration uses TerraLithium technology, tested at BHE Renewables’ Imperial Valley facility, to assess environmentally safe lithium production. Warren Buffett’s Strategic Move in Lithium Under this agreement,… Read More »Warren Buffett’s Joint Venture Targets Lithium Extraction
Utah Reconsiders A1 Lithium’s Water Application A1 Lithium (A1) planned to produce lithium along the Green River in southern Utah. However, those plans are on hold after environmental groups petitioned the state for further review. The Utah Division of Water Rights announced a pause to… Read More »Utah Pauses A1 Lithium’s Green River Project Amid Environmental Concerns
ExxonMobil (XOM) has signed a memorandum of understanding with SK On, a leader in electric vehicle battery production. This agreement aims to establish a multiyear supply of up to 100,000 metric tons of Mobil Lithium for SK On’s U.S.-based EV battery manufacturing. This milestone reflects… Read More »ExxonMobil and SK On Ink MOU for Mobil Lithium Supply
Albemarle (ALB) has reported robust financial performance, driven by rising demand for lithium in energy storage and electric vehicles. The company net sales reached $1.4 billion in the first quarter of 2024. It has introduced a strategic plan for its Kings Mountain Mine in the… Read More »7 Best Lithium Stocks to Buy Now for Future Growth
Lithium Ionic Corp. (LTHCF) presents a compelling investment opportunity as highlighted by a recent acquisition in Brazil. On August 15, Desjardins analyst Frederic Tremblay reported on the significance of Pilbara Minerals Ltd.’s acquisition of Latin Resources Ltd. This deal enhances Lithium Ionic’s prospects by confirming… Read More »Lithium Ionic Corp. Potential Boost Through Pilbara Acquisition
South Korea Lithium Battery Fire: Key Safety Failures Aricell (ARCL) faced a devastating fire at its lithium battery plant in June, with authorities citing significant safety oversights. In one of South Korea’s deadliest industrial incidents, at least 23 individuals lost their lives. Rushed Production Amid… Read More »South Korea Lithium Battery Plant Fire: Safety Failures Revealed
Atlas Lithium Corp. (ATLX:NASDAQ) is preparing to ship its modular DMS lithium processing plant from South Africa to its Neves Project in Brazil. The company aims to revolutionize Brazil’s lithium industry with this environmentally friendly and efficient plant. The plant is designed to streamline installation… Read More »Atlas Lithium’s Plant Set for Brazil: Analysts See Major Upside
Volt Lithium (TSXV: VLT) has announced the successful installation of its first Direct Lithium Extraction (DLE) field unit in the Permian Basin, Texas. The unit is now undergoing function-testing, paving the way for initial lithium production. This development marks a critical milestone as the scaled-up… Read More »Volt Lithium Installs DLE Unit in Permian for 200,000 Litres Daily Production
Albemarle Corporation (ALB) explores new horizons in lithium mining, with the U.S. poised for a lithium boom. Despite possessing substantial reserves, the challenge is to sustainably extract lithium, critical for clean energy. The Lithium Reserves in the U.S. The United States holds some of the… Read More »The U.S. Lithium Boom: Challenges and Opportunities
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