Business
Is Vulcan Energy’s lithium utopia too good to be true? – The Australian Financial Review
At a time of green shoots in the battery minerals sector, some lithium experts fear Vulcan Energy’s amazing share price rally is more a case of tulip mania.
A three-decade veteran of the lithium industry and founder of consultancy Global Lithium, Lowry has first-hand experience of how difficult it can be to profitably extract lithium from geothermal brines.
In 2013 and 2014 he worked for Simbol Materials, the US company whose failure to profitably extract lithium from the geothermal brines of Californias Salton Sea now serves as a cautionary tale for a new wave of investors.
Some big names are surfing that wave; mining magnate Gina Rinehart has famously…
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