YOUR BUSINESS AUTHORITY
Springfield, MO
Canadian company Standard Lithium Ltd. has been extracting lithium chloride from south Arkansas’ underground salt waters for more than a year, and now the company is ready to turn the test site into something more.
Company officials are hedging their bets on an electric vehicle revolution that could expand the market for lithium fivefold over the next 10 years, Arkansas Business reports. The key is converting the lithium chloride extracted from the site in El Dorado, Arkansas, into lithium carbonate, a key ingredient in battery-making.
COVID-19 restrictions, including a closed U.S.-Canada border, had delayed the project.
Read more from Arkansas Business.
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