Lilac Solutions releases lithium extraction data amid rising competition
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 25 2024
0mins
Source: reuters
- Lilac Solutions' Lithium Extraction Technology: The latest version can recover over 90% of lithium in brine formations, with a 50% reduction in construction costs.
- Data Release to Counter Claims: Lilac released data on its direct lithium extraction technology to counter claims of inefficiency and uneconomical operations.
- Competition in the DLE Sector: Despite interest from major players like Exxon Mobil and Saudi Aramco, no DLE technology has succeeded at commercial scale without evaporation ponds.
- Technology Details: Lilac's fourth-generation technology uses ion exchange ceramic beads for lithium extraction in batch cycles, improving efficiency and reducing water usage.
- Market Competition and Expansion: Lilac and rivals like International Battery Metals and EnergyX are actively marketing their DLE technologies globally, aiming to showcase efficiency and reliability.
Analyst Views on XOM
Wall Street analysts forecast XOM stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for XOM is 132.17 USD with a low forecast of 114.00 USD and a high forecast of 158.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
19 Analyst Rating
12 Buy
7 Hold
0 Sell
Moderate Buy
Current: 133.640
Low
114.00
Averages
132.17
High
158.00
Current: 133.640
Low
114.00
Averages
132.17
High
158.00
About XOM
Exxon Mobil Corporation is an energy provider and chemical manufacturer. The Company’s principal business involves exploration for, and production of, crude oil and natural gas; the manufacture, trade, transport and sale of crude oil, natural gas, petroleum products, petrochemicals and a wide variety of specialty products; and pursuit of lower-emission and other new business opportunities, including carbon capture and storage, hydrogen, lower-emission fuels, Proxxima systems, carbon materials, and lithium. Its Upstream segment explores for and produces crude oil and natural gas. The Energy Products, Chemical Products, and Specialty Products segments manufacture and sell petroleum products and petrochemicals. Energy Products segment includes fuels, aromatics, and catalysts and licensing. Chemical Products segment consists of olefins, polyolefins, and intermediates. Specialty Products segment includes finished lubricants, basestocks and waxes, synthetics, and elastomers and resins.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
