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June 20, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Lithium demand has surged in recent years. While the traditional mining method to extract lithium often has proven environmentally hazardous, a new approach is capturing the industry's attention: Direct lithium extraction (DLE), which removes lithium compounds from brines and rocks, reducing water usage and, in some cases, the need for evaporation ponds.
Industrial Info is tracking more than $9.5 billion worth of active and proposed mining projects across the U.S. and Canada that aim to use DLE. The technology remains in its early development phase.
Other companies featured: E3 Lithium Limited, Exxon Mobil Corporation (NYSE:XOM), Imperial Oil Limited, Controlled Thermal Resources Incorporated, General Motors Company (NYSE:GM), Stellantis N.V. (NYSE:STLA), Compass Minerals (NYSE:CMP), EnergySource LLC, LG Energy Solution, Ford Motor Company (NYSE:F) and Goldman Sachs Group Incorporated (NYSE:GS)
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