Lithium Market Entering a "Mass Profit Cycle" The lithium market is entering a "mass profit cycle" due to the rapid rise of electric vehicles (EVs). Since Tesla’s first EV in 2008, lithium prices have surged by 788%. While prices have dropped from their 2022 highs, demand is expected to soar by 2050, as half of the world's new cars will be EVs, each requiring about 16 pounds of lithium. Although alternatives are being researched, lithium remains critical, and the main challenge is increasing production capacity to meet growing demand, not a shortage of lithium itself. (Source:
https://x.com/KatusaResearch/status/1835705174335148269)
Poised to help alleviate this challenge, Direct Lithium Extraction (DLE) is an advanced technology that efficiently extracts lithium from brine without relying on large evaporation ponds. By directly separating lithium ions from the brine, DLE significantly reduces the time, land, and water needed compared to traditional methods.
This innovative approach has the potential to unlock vast underground lithium resources, making it a crucial solution for meeting the rising demand for lithium, particularly in electric vehicle battery production.
Leading the way in lithium brine extraction in Saskatchewan, focused on the Duperow formation, EMP Metals Corp (EMPS.c EMPPF) has emerged as a leader in DLE following its pilot project with Koch Technology Solutions achieving impressive results, with over 97% lithium recovery and 99% impurity rejection. Amid current supply disruptions and growing demand for lithium, EMPS is well-positioned to capitalize on market dynamics, establishing itself as a key player in innovative North American lithium extraction technologies:
https://x.com/StckMasterFlash/status/1833986734679621974 Posted on Behalf of EMP Metals Corp.