Lepidico - LiOH production beckons
On 18 February, Lepidico announced that it had entered into a worldwide exclusivity arrangement over a new proprietary process (LOH-Maxâ„¢) to produce lithium hydroxide from lithium sulphate. The technology uses established equipment and is expected to incur lower capital and operating costs than the conventional alternative. It seeks to capitalise on the growing preference among battery manufacturers for lithium hydroxide over lithium carbonate as a feedstock, which has resulted in the former now commanding a price premium over the latter. It also dispenses with the requirement for a sodium sulphate circuit in the plant, thereby further reducing capital costs as well as the commercial risks associated with producing this product.Lepidico is engaged in mineral exploration and the development and licensing of L-Max® technology. Co.'s lithium portfolio of exploration and commercial ventures include the Lemare project in Canada; the Euriowie project near Broken Hill in New South Wales, Australia; Third Element Metals Pty Ltd, a joint venture in Brazil; a joint venture in Argentina; and L-Max® licence arrangements with Lithium Australia Ltd. and European Metals Holdings Limited. Co. also retains its interest in the East Pilbara Polymetallic project, which is located in the East Pilbara region of Western Australia. The L-Max® process allows the extraction and recovery of lithium from lithium bearing micas.
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