This couldn't have come at a more opportune time, as we work towards producing low-cost battery grade lithium hydroxide
at a time when demand is expected to grow significantly.
'The changes to the transaction accelerate the joint venture's ability to bring lithium hydroxide
to the market to serve the commitments made to Albemarle's customers through our long term agreements.
Additionally, lithium hydroxide
(LiOH), in 2018 accounted for the second-largest share due to its varied properties such as high resistance to a wide range of temperature and water.
Several manufacturers are focused on production of lithium derivatives such as lithium carbonate and lithium hydroxide
. Lithium products are primarily used in energy storage systems, automobiles, household electricity applications, and consumer electronics products.
Alliance well-placed to benefit from downstream lithium hydroxide
production and sales
Specialist chemicals company Albemarle Corporation (NYSE:ALB) Wednesday disclosed an exclusivity agreement with Mineral Resources Limited (ASX:MIN) for a planned a 50/50 joint venture (JV) to own and operate the Wodgina hard rock lithium mine and develop an integrated lithium hydroxide
operation at the resource site.
The last PEA Avalon released in 2016 said the resource looked favourable enough to proceed with a more detailed feasibility study for a mine capable of producing 950,000 tonnes a year with an annual yield of 14,600 tonnes of lithium hydroxide
over a 10year mine life.
With the deal, the two companies will jointly build a plant to produce 30,000 tons of lithium hydroxide
and lithium carbonate a year from 2020.
Meanwhile, silicate also has a high fusing point and hardness and may react with lithium hydroxide
to form a layered structure of [Li.sub.2]Si[O.sub.3], which rarely dissolves in acid or alkali environment .
They solved this problem by constructing an air purifier out of cardboard from a fight plan book, two lithium hydroxide
canisters, a couple of plastic bags, and some tape.