ElectraLith, a start-up spun out of Monash University, has secured seed funding from Rio Tinto and IP Group to commercialise its lithium extraction and refining technology, believing it can materially reduce production costs and environmental harm.
Developed by Professor Huanting Wang, ElectraLith’s technology seeks to improve the complex process of extracting lithium from hard rock, or spodumene, which is prevalent in Western Australia, and mineral-rich brine, which is most common in South America.
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Michael Bennet is WA reporter for The Australian Financial Review based in Perth. He has worked as a journalist for more than a decade, including at The Australian where he was senior banking reporter and also covered economics, markets and deals. Connect with Michael on Twitter. Email Michael at michael.bennet@afr.com
