Analysis:Rio Tinto's real prize: Arcadium's lithium extraction technology

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Analysis:Rio Tinto's real prize: Arcadium's lithium extraction technology - Channel News Asia

Quick Summary:

Rio Tinto's $6.7 billion buyout of Arcadium will give it a suite of lithium filtration technologies that are poised to revolutionize how the metal is produced for the electronics and electric vehicle industries.

While DLE technologies vary, they are comparable to filtration used by common household water softeners and aim to extract about 90 per cent or more of the lithium from brines, compared to about 50 per cent using ponds.

The DLE industry is expected to grow to more than $10 billion in annual revenue within the next decade by supplying lithium for EV batteries in hours or days, not months or longer as with existing large, water-intensive evaporation ponds and open pit mines.