- In March 2024, Albemarle Corporation announced plans to expand its lithium hydroxide production capacity in the U.S. to support the increasing demand for electric vehicle (EV) batteries. The company’s Mega-Flex facility in South Carolina is expected to process diverse lithium feedstock, including recycled batteries, with an initial investment of at least $1.3 billion. The facility aims to produce approximately 50,000 metric tons of battery-grade lithium hydroxide annually, with potential expansion up to 100,000 metric tons
- In May 2024, Ganfeng Lithium successfully integrated new direct lithium extraction technology, achieving improved recovery rates and minimizing environmental impact. This advancement enhances lithium production efficiency while reducing water and chemical usage, aligning with sustainable industry practices
- In April 2024, SQM S.A. introduced a new brine extraction process aimed at enhancing production efficiency while minimizing water usage. This development aligns with sustainable lithium production practices, ensuring resource conservation while meeting growing industry demands
- In June 2024, Livent Corporation finalized long-term supply agreements with leading battery manufacturers to ensure a stable supply of high-purity lithium compounds. These agreements support the growing demand for lithium in electric vehicle (EV) batteries and energy storage solutions. Livent’s strategic partnerships reinforce its commitment to sustainable lithium production and global supply chain reliability
- In September 2024, Factorial Inc. introduced Solstice, an all-solid-state battery designed to enhance EV performance and sustainability. Developed in collaboration with Mercedes-Benz, Solstice achieves an impressive 450Wh/kg energy density, extending EV range by up to 80% while reducing vehicle weight and improving efficiency. The battery features a sulfide-based electrolyte system, ensuring greater safety compared to traditional liquid electrolytes. Factorial anticipates OEM adoption before the decade’s end
