GXY galaxy resources limited

Banter and General Comments, page-881

  1. 7,412 Posts.
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    Hmmmm.....GXY and BYD group photo, Tesla solar project and lithium shopping in Argentina, and Posco setting up shop right next door...

    I guess these are the top 3 potential partners so far...

    My money's on Posco, hopefully GXY can use their rapid lithium extraction technology to fast track their project and skip the lengthy evaporation process.

    80% recovery rate, 99.99% purity, less than 8 hours processing time!

    "POSCO’s lithium extraction technology reportedly has the potential to vastly improve project economics and further strengthen Latin America’s position in the global lithium market.

    POSCO has developed chemically based technology that purportedly significantly increases extraction efficiency from continental brines, thereby reducing lithium extraction time to less than eight hours. While the natural evaporation method has a recovery rate of 50 percent or less, POSCO’s technology has shown recoveries above 80 percent at 99.99-percent purity.

    “The main advantage of POSCO’s technology is that the process lasts less than one day (from extracting the brine to producing lithium carbonate). That means not only an advantage in terms of time, but also in terms of securing supply, since production is not affected by weather conditions (rain),” Daniela Desormeaux, general manager of Chile-based market intelligence firm signumBOX, told Lithium Investing News in an email."
 
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