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Schlumberger and Panasonic have announced that they will collaborate on a new battery-grade-lithium production process that they say will pave the way for improved lithium production to help meet the expected surge in demand from the fast-growing global electric vehicle (EV) market. The announcement came from the Schlumberger New Energy arm of Schlumberger and from Panasonic Energy of North America, a division of Panasonic Corporation of North America. The lithium-extraction and -production process will be used by Schlumberger at the Nevada pilot plant of its Neolith Energy venture. According to Schlumberger, Neolith Energy's approach uses a differentiated direct-lithium-extraction process to produce high-purity, battery-grade lithium material while reducing production time from more than a year to weeks. The company also said the process significantly reduces groundwater use and physical footprint vs. conventional evaporative methods of extracting lithium.