YPF, Israel’s XtraLit to develop direct lithium extraction projects in Argentina

YPF, Israel’s XtraLit to develop direct lithium extraction projects in Argentina

(Reuters) -Argentina’s state energy company YPF on Monday said it is partnering with Israel-based firm XtraLit to jointly develop direct lithium extraction (DLE) projects in the South American country. Lithium demand has been surging globally, driven by lithium-ion batteries’ role in electric vehicles (EVs), portable electronics and increased adoption of renewable energy storage solutions. Following two years of significant drops, lithium prices…

Argentina’s YPF Partners with XtraLit to Develop Direct Lithium Extraction Projects

Argentina’s state energy firm YPF said on Monday it will partner with Israeli company XtraLit to jointly develop direct lithium extraction (DLE) projects in Argentina, as the country looks to strengthen its position in the global lithium market. The collaboration will be carried out through YPF Tecnología S.A., a subsidiary of YPF, and aims to [...] The post Argentina’s YPF Partners with XtraLit to Develop Direct Lithium Extraction Projects appe…

YPF announced on Monday the signing of a cooperation agreement between the subsidiary YPF Tec and the Israeli company XtraLit to evaluate the potential development of direct lithium extraction projects. This association will allow, according to the companies, “to unlock and develop new commercial opportunities.” YPF’s announcement represents a shift on the part of the company in what represents businesses not linked to the production of gas and …