Massive Demand for Lithium Surges With Steady Growth in Electric Vehicles
November 14 2017 - 10:29AM
InvestorsHub NewsWire
MarketNewsUpdates.com News Commentary
PALM BEACH, FL -- November 14, 2017
-- InvestorsHub NewsWire -- The seemingly unstoppable and rapid growth in
the lithium market is due to large part in the increasing
popularity of electric vehicles and a more significant switch to
lithium than originally anticipated. As the industry continues to
develop, experts are forecasting increased project investment to
boost production, increase new patent activity and ultimately drive
revenues throughout the next four to five years. Demand for the
metal is forecast to triple by 2025, and according to consultancy
CRU, prices for lithium carbonate, used in lithium-ion battery
cathodes, have more than doubled since 2015. The rapidly unfolding
EV revolution is set to boost prices even higher. Active in the
lithium market today includes: Alternet Systems, Inc. (OTC:
ALYI), Liberty One Lithium Corp. (OTC:
LRTTF) (TSX-V:
LBY), Nemaska Lithium Inc. (OTC:
NMKEF) (TSX:
NMX), FMC Corporation (NYSE:
FMC), Rio Tinto plc (NYSE:
RIO), Air Products and Chemicals, Inc. (NYSE: APD)
Alternet Systems,
Inc. (OTC:
ALYI) today announced new partnership developments advancing
the company's strategy to become a recognized brand name within the
lithium ion battery market. The strategy is built on the
company's portfolio
of ten lithium technology patents . Detailed
information on each of the patents is available on the United
States Patent and Trademark (USPTO) website. Alternet specifically
sought out and obtained the technology portfolio to deliver stable,
safe, long duration power in high impact operating systems. The
Alternet lithium technologies were originally developed to provide
a stable, long-lasting and safe solution for the growing electric
vehicle (EV), and Hybrid Electric Vehicle (HEV) market in addition
to the portable power (PP) market for the growing number of
personal electronic devices. Among other features, the Alternet
lithium technologies expand the operating temperature window of
lithium-ion batteries compared to currently available lithium-ion
batteries thus improving safety by reducing the risk of combustion
and also improving efficiency by reducing or eliminating a
supplemental battery cooling function. The battery cooling
efficiency is particularly valuable in the EV and HEV market. In
partnership with the original developer of the lithium patents, the
technologies were tested in cooperation with Nissan Motor Company,
Ltd. and UBE Industries, Ltd., the primarily source of batteries
for Sanyo Electric Co, Ltd. Read this and more news for
Alternet Systems at:http://www.marketnewsupdates.com/news/alyi.html.
Alternet's business strategy is
to partner with prominent third parties producing products and
services that require stable, safe, long duration power in high
impact operating systems. Within such partnerships, Alternet and
each partner will together develop an integrated solution that
includes a power component based on Alternet's lithium technology.
Alternet management has an extensive background in military
industrial solutions. The original technology developer did not
concentrate on military applications. The combination of Alternet's
military background and high potential of the technology for
applicability in military solutions presents a promising
partnership development opportunity. At the same time, Alternet is
also developing partnerships separate from the military industrial
sector to include the EV and HEV partners. Several potential
partners participated in Alternet's vetting process when
identifying and selecting a technology to acquire as the foundation
of the company's strategy to bring a stable, safe, long duration
power solution to market for high impact operating systems.
Partnership announcements are anticipated to be forthcoming
soon.
As illustrated in a corporate filing from this
summer, ALYI executed an agreement to
exclusively license ten U.S.
Patented lithium battery technologies* with an option to acquire
the ten U.S. Patents., two of which originally awarded to Air
Products and Chemicals, Inc. (NYSE: APD)
covering usage of its Stabilife fluorinated electrolyte salts for
lithium-ion batteries - Polyfluorinated Boron Cluster Anions for
Lithium Electrolytes, US Patent 7,311,993 and 7,348,103. According to Air
Products, large-scale manufacturing of lithium-ion
batteries is ramping up due to the increased demand in electric
vehicles, consumer electronics, and energy storage systems. In
response, the demand of industrial gases to enhance production
efficiency and final product quality is expanding to meet
manufacturer's needs.
In other lithium developments of
note in the markets today:
Liberty One Lithium
Corp. (OTCQB:
LRTTF) (TSX-V:
LBY.V) recently announced that drilling has commenced at its
Pocitos West property in Northern Argentina. The operational
team moved quickly to secure and mobilize a drilling rig and all
related equipment. Commensurate with the Company's focus on its
strong leadership team, the Company has deployed to site Monty
McNeil, the Company's Senior Engineering and Operations Manager.
With operations underway, on-site determination by the team will
assess initial findings from the brine samples at specific depths,
as defined by geophysics and drill hole logging. If warranted, the
team may elect to case the primary well for monitoring, and drill
an adjacent rotary/core hole for pumping tests. Once the initial
well is at depth and down-hole geophysics logging and
depth-specific packer sampling have been completed, the drilling
equipment will be moved to the second target to undertake
preliminary wide-area sampling of the salar basin
characteristics.
Nemaska Lithium Inc. (OTCQX:
NMKEF) (TSX:
NMX.TO) recently announced an update on the lithium hydroxide
production coming from its Phase 1 Plant. Nemaska Lithium has
produced an inventory of lithium sulfate from spodumene concentrate
coming from the Whabouchi Mine. The processing of this lithium
sulfate into battery grade lithium hydroxide commenced last week at
the Phase 1 Plant. The first tonne of this lithium hydroxide is
expected to be shipped to a customer in November 2017. This
milestone will mark the beginning of the qualification of Nemaska
Lithium as a new supplier of lithium salts for the lithium ion
battery market. Read more here: https://finance.yahoo.com/news/nemaska-lithium-processes-lithium-sulfate-103000651.html
FMC Corporation (NYSE: FMC)
came to a close up 1.78% on Monday with over 1.4 million shares
traded throughout the day. The company recently said it would
invest $300 million investment to double its lithium
production in Argentina by 2019, its local affiliate said
in a statement. The investment in Catamarca province will more than
double its output of lithium to 40,000 metric tonnes per year in
two years, unit Minera del Altiplano said. Catamarca province
Governor Lucia Corpacci said the agreement would need to
be approved by the province's legislature.
Rio Tinto plc (NYSE: RIO)
is said to be mulling the acquisition of a $5bn (£3.8bn)
stake in a Chilean lithium producer as demand for the metal surges
due to its use in electric car batteries. Rio is close to buying a
32% stake in Sociedad Quimica y Minera de Chile (SQM),
one of the world's largest producers of lithium,
from Canada's Potash Corp, the Australian Financial
Review reported, citing Chilean publication El Mostrador. Rio's
main exposure to lithium is through its 100%-owned lithium and
borates mineral project in Jadar, Serbia, which is still in the
early stages of development. Read
more here
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