They bought or leased 10,000 acres of lithium rich clay deposits in Nevada and patented a process for extracting lithium from clay using table salt. The goal of

They bought or leased 10,000 acres of lithium rich clay deposits in Nevada and patented a process for extracting lithium from clay using table salt. The goal of all this is to produce much more lithium more cheaply and bring the price down. I'd liken it to an oil boom instead of a gold rush, but since lithium is infinitely recyclable I would expect it to eventually become a saturated market. Especially if some alternative cheaper material is able to store energy cheaper.