HTX Energy today announced the completion of its latest upgrades to its lithium mining operations. The upgrades, which include the installation of new equipment and the adoption of new technologies, are expected to increase the company's production capacity by 20%.
The company's CEO, said that the upgrades are part of the company's commitment to meeting the growing demand for lithium. "Lithium is a critical mineral for the production of electric vehicles and other green technologies," he said. "These upgrades will help us to ensure that we can continue to supply our customers with the lithium they need."
The upgrades include the installation of a new evaporation pond, which will allow the company to extract more lithium from the brine. The company has also adopted a new direct lithium extraction (DLE) technology, which is a more efficient and environmentally friendly way to extract lithium from brine.
The company expects the upgrades to be fully operational by the end of the year and they are also planning to expand its operations in the future to meet the growing demand for lithium in Argentina.
Argentina's lithium industry has hit new heights in 2023, with exports rising to record levels and the number of active mines increasing.
According to the country's mining secretariat, lithium exports rose to US$369 million in the first five months of 2023, up 84% from the same period last year. This represents 19% of all mining exports from Argentina.
The increase in lithium exports is being driven by a number of factors, including the rising demand for lithium-ion batteries used in electric vehicles. Argentina is home to some of the world's largest lithium reserves, and the government has been eager to capitalize on this resource.
In addition to the increase in exports, the number of active lithium mines in Argentina has also increased. There are currently three active lithium mines in the country, and there are another 38 projects in various stages of development.
The growth of the lithium industry in Argentina is creating jobs and boosting the economy. The industry currently employs over 3,700 people, and this number is expected to grow in the coming years.
The government is also working to ensure that the lithium industry is developed in a sustainable way. The mining secretariat has developed a set of environmental regulations for the lithium industry, and these regulations are being strictly enforced.
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