LITHIUM & BORON TECH (LBTI) Stock News

Lithium and Boron Technology, Inc. (LBTI) announced a breakthrough in lithium carbonate extraction technology aimed at processing brine from the Dachaidan Salt Lake in Qinghai, China. The company claims its proprietary technology significantly reduces production costs to approximately $3,125 per tonne while enhancing extraction efficiency and environmental sustainability. LBTI plans to increase production capacity to 20,000 tonnes annually within two years. The rising market demand has driven lithium carbonate prices in China up by 570%, indicating a promising future for the company in the electric vehicle and energy storage battery markets.