Lithium Australia sees key as bypassing middleman, dealing directly with users
Channel: InvestorCoffee
Date: 2016-06-17

June 17, 2016 -- Adrian Griffin, managing director of Lithium Australia NL (ASX: LIT) presented at the 5th Annual Cleantech and Technology Metals Summit held recently in Toronto.

Lithium Australia is a dedicated developer of disruptive lithium extraction technologies including the versatile Sileach process which is capable of recovering lithium from any silicate materials. The company has strategic alliances with a number of companies, potentially providing access to a diversified global lithium mineral inventory.

In this video presentation, Adrian Griffin offers a critique of the present state of the lithium industry, including the description of brine extraction efficiency as akin to "sucking water out of a sponge with a drinking straw", and hard rock processing as "throwing dollar bills into a furnace".

He also:

- Dissects the high cost problems with processing hard rock resources.
- Explains why hard rock is where the smart money is going.
- Outlines the ways in which the lithium industry can improve itself, including the need to bypass the converters and have a business that is "mine gate to battery supply".

Disclaimer: Lithium Australia NL is an advertorial member of InvestorIntel.