Lithium industry hits a major milestone for the clean-energy transition
![Lithium industry hits a major milestone for the clean-energy transition](https://images.fastcompany.com/image/upload/w_1280,q_auto,f_auto,fl_lossy/wp-cms-2/2024/07/2024-07-11T154357Z_2_LYNXMPEK6A03M_RTROPTP_4_MINING-LITHIUM-INTERNATIONAL-BATTERY-METALS.jpg)
At a site in rural Utah controlled by privately-held US Magnesium, IBAT started producing this week commercial volumes of lithium at a rate of nearly 5,000 metric tons per year using its version of a direct lithium extraction (DLE) technology.
In a milestone for the global clean-energy transition, International Battery Metals has become the first company to commercially produce lithium with a novel type of filtration technology, a step expected to usher in cheaper and faster supplies of the electric-vehicle battery metal.