American Battery Technology Company (ABTC) is making significant strides in the production of lithium hydroxide, a crucial raw material for high-nickel cathodes in the US and Canada. CEO Ryan Melsert highlighted the importance of domestic sourcing during the Lithium Supply and Battery Raw Materials Conference in Las Vegas.
With most cathode plants in the region relying on lithium hydroxide imports from China, the shelf life of the product diminishes during transportation, posing logistical challenges for manufacturers. ABTC’s successful demonstration-scale production of lithium hydroxide from claystone in Nevada has paved the way for their commercial-scale refinery, expected to produce 30,000 tonnes per year.
Moreover, ABTC’s partnership with BASF and Nanotech Energy aims to establish a closed-loop system for lithium-ion battery production in North America. This strategic collaboration emphasizes sustainability and scalability in the supply chain.
The US Department of Energy has supported ABTC’s innovative approach to lithium production, recognizing the potential of claystone as an unconventional resource. The company’s commitment to de-risking the process has attracted significant funding, enabling them to lead the way in domestic lithium hydroxide production.
As ABTC gears up to supply cathode refiners with lithium hydroxide, the market is poised for growth with a mix of demand for both LFP and NMC batteries. The company’s forward-thinking approach aligns with the evolving landscape of battery technology, ensuring a sustainable and efficient supply chain for the growing electric vehicle market.
Fastmarkets’ lithium price updates reflect the dynamic nature of the market, with spot prices varying in response to global demand trends. ABTC’s strategic focus on lithium hydroxide production signals a significant shift in the battery raw materials industry, positioning them as a key player in the emerging electrification revolution.
