Lithium demand is booming due to to an explosion in tablets and smartphones. GTSO Resources is beginning to recover used lithium using ‘urban mining’ (or recycling) techniques.
“Lithium prices have already tripled, and no one expects them to level off anytime soon,” said GTSO CEO Paul Watson.
Electronic waste contains metal deposits 40 to 50 times richer than mined ores, up to 85% are lost to landfills. GTSO is planning operations to recover lithium, tungsten and other discarded materials.
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A consortium that includes government and the private sector aims to build a 10GWh solid-state lithium-ion battery manufacturing plant in the Basque Country.
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