Rio Tinto has signed a Memorandum of Understanding (MoU) with Reed Advanced Materials for the development of the ELi process. This innovative method for lithium extraction offers the potential for significant cost reductions compared with the conventional chemical precipitation process currently used in the industry. The partnership aims to advance more efficient lithium production.
The ELi process represents a technological breakthrough that could enhance the economic viability and sustainability of lithium operations. This collaboration aligns with Rio Tinto's strategy to invest in advanced technologies for future-facing metals. It seeks to optimize recovery rates and minimize environmental impact.
This operational milestone is crucial for strengthening Rio Tinto's position in the competitive lithium market. By exploring and developing more cost-effective extraction methods, the company aims to secure a long-term competitive advantage. The MoU signifies a commitment to innovation in battery materials production.
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