Lohum sets up 1,000 MTPA lithium refinery; plans IPO
Lohum has announced the establishment of a battery-grade lithium refinery with a capacity of 1,000 metric tonnes per annum (MTPA). The company has also begun producing value-added materials such as cathode active materials (CAM), which are essential for lithium-ion battery manufacturing. Lohum’s lithium recovery technology boasts over 90% efficiency, significantly surpassing the industry average of 60-70%. The company aims to achieve 99.99% purity with ongoing research and development. Additionally, Lohum plans to raise $200 million…