Oil and Gas Wastewater – the new source of lithium for batteries

The majority of lithium is extracted from lithium found in dry lakebeds called salars – largely in the ‘Lithium Triangle’ area of Chile, Bolivia and Argentina. The brine is pumped into a solar evaporation pond for as much as 24 months, when it is transported to a filtering plant where magnesium and boron can be removed to create high purity lithium.

If high levels of magnesium are found in the lithium brine, it makes it a Herculean task to separate the elements form each other because their ions are so similar.

That is, up until now. MGX Minerals (XMG:CNX)(MGXMF) announced a breakthrough in ingredient removal from lithium brine this week, solving the industry’s nagging and complicated magnesium problem.

Read more at Equities.com
Visit the MGX Minerals website
Read more about lithium extraction at GreenTech Media

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