Make Kitco Your Homepage

Technological Breakthrough Slashes Lithium Production Costs

Kitco News

A "closely guarded" innovation has reduced lithium production costs to a record low, reported the South China Morning Post last week.

The Chinese Academy of Sciences made the discovery after 15-years of research. The process involves electronic and membrane filtering treatments. Lithium often comes with magnesium, and the two elements can be tightly bound, which makes production expensive.

Qinghai Lithium Industry told the South China Morning Post that the company increased its profit margin by 50% in the past three years since using the new process.

Read more.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Precious Metal Charts

Follow Kitco News