Lilac Solutions releases lithium extraction data amid rising competition

Lilac Solutions said on Tuesday the latest version of its lithium extraction technology can recover more than 90% of the lithium found in many brine formations, and that it has cut the construction cost of its system by 50%.

The release of the long-awaited data on Lilac’s process for recovering lithium - a key component in electric vehicle batteries that is abundant but can be hard to process - is aimed at rebutting claims its technology is inefficient and uneconomical as it works to woo clients across the globe.