Economy

Capital sought for NZ breakthrough on battery-grade lithium

Pattrick Smellie
Mon, 25 Nov 2019

Capital sought for NZ breakthrough on battery-grade lithium
Pattrick Smellie
Mon, 25 Nov 2019
Taupo company Geo40 says it has cracked a chemical process to produce lithium at "near battery grade" from geothermal fluid discharged from central North Island power stations.It says its potentially world-leading discovery is at the low end of the international production costs for the silvery-white alkali metal that is the main component of the batteries required for the burgeoning global electric vehicle market.The company is understood to be raising $10-$15 million in new capital, assisted by broking house Jarden, to build a pilot plant to...

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