lithium market on the rise as demand for evs grows - lithium ion rechargeable battery
New York, February 23, 2018/PRNewswire /--
According to a report from global market insight
By 2024, the global market for lithium-ion batteries is expected to exceed $60 billion.
Electric vehicles (EVs)
Rechargeable consumer electronics and government initiatives to encourage sustainable energy will drive the scale of the lithium-ion battery market.
At present, the charging device controls most of the lithium.
But electric vehicles are expected to become the biggest contributor to the lithium market in the coming years.
According to the environmental impact assessment, China and the United States
In 2016, sales of electric vehicles in the United States were 336 and 159,000 respectively.
MGX Minerals(OTC: MGXMF), Orocobre Ltd. (OTC: OROCF), Tesla Inc (NASDAQ: TSLA)
, FMCNYSE: FMC)
Ford Motor Company (NYSE: F)
A study by Bloomberg New Energy Finance explains how fast electric vehicle sales are expected to grow.
According to the report, "the electric car revolution will hit the car market harder and faster than BNEF predicted a year ago.
By 2040, electric vehicles are expected to accelerate to 54% of new car sales.
The collapse in battery prices means that the life cost of electric vehicles will be lower than that of internal combustion engines, and the purchase cost will be lower (ICE)
Cars in most countries by 202529.
MGX Minerals(OTC: MGXMF)
Also listed on the Canadian stock exchange, the stock code is "xmg ".
Just earlier today, the company announced breaking news, saying it "chose to continue the previously announced partnership with Highbury energy. ("Highbury")
Develop a detailed thermochemical gasification process to extract metals such as nickel, vanadium, cobalt and hydrogen from petroleum coke ("Petcoke").
Sample Petcoke from Alberta oil sands (Sample 1)and refinery (Sample 2)
Existing sales stock of petcoke.
Using standard ICP analysis, samples were analyzed by Acme Laboratory in Vancouver, BC.
The results are as follows: further analysis after enrichment
Gasification ash samples are currently in progress, with oil sands petcoke weighing 3% and refinery petcoke samples weighing less than 1%.
It is expected that the metal concentration will directly correspond to the reduction of the material, about 30x and 100x respectively.
The analysis of ash concentrate is expected to be carried out soon.
Highbury is currently completing a phase II study that includes analysis of potential sites, including pilot scale gasification, advanced metal extraction process design and initial plant design parameters. Background -
Petcoke is a carbon material.
Products formed by the oil and gas industry in the refining process.
As refineries become more efficient in processing excess crude oil (bitumen)
Over the past 20 years, the global production of Petcoke has grown significantly.
Since Petcoke is derived from heavier petroleum grades, its more dense impurities such as metals and sulfur compounds are concentrated in it.
Most of Canada's Petcoke production occurs near the oil sands producing area, where asphalt is upgraded to synthetic crude oil.
Specifically, Alberta has a large stock of Petcoke.
According to data from Alberta's energy regulator, petcoke inventory is expected to reach 0. 106 billion tons in 2016 (1). (1)
Source: Alberta energy industries, Alberta recoverable oil sands plant
Andris Kikauka reviewed the technical section of this press release (P. Geo. )
Vice President of mineral exploration MGX. Mr.
The key card is a non-
Independent qualified personnel in the sense of National Instrument 43-101 Standards. Orocobre Ltd. (OTC: OROCF)
Through its lithium, potash and boron asset portfolio, a large industrial chemicals company based in Argentina is being established.
On February 7, 2018, the company provided an update on diamond drilling CAU11 brine sampling in Cauchari JV properties in Jujuy Province, Argentina.
The exploration project is managed by the joint venture partner Advantage Lithium.
He holds 50% of Cauchari and earns up to 75%.
Orocobre owns property of 33% kinds of CAU11 located in the southeast district; 5.
6 km southeast of CAU09 (refer to map).
The drill intersects the deposits of rock salt, clay and some sand at a depth of 405.
Outstanding share capital of dominant lithium.
The initial constant speed pumping test performed on the hole CAU11 maintained a flow rate of 19 liters/second within 48 hours, which is promising for future salt water production.
This flow rate is at the upper limit of the pump capacity used for testing.
A total of 18 saline samples were collected in the pumping test, with an average lithium concentration of 515 mg/l, a potassium concentration of 4,577 mg/l and A Mg/Li ratio of 2. 6:1. Tesla Inc (NASDAQ: TSLA)
Its mission is to accelerate the world's transition to sustainable energy through increasingly affordable electric vehicles, in addition to the generation and storage of renewable energy.
Tesla and Panasonic have signed an agreement to cooperate on the construction of a large car company.
A battery manufacturing plant of the size of the United States, known as Gigafactory.
Gigafactory is being created to achieve a continuous reduction in the cost of the remote battery pack while manufacturing the required quantity to enable Tesla to achieve its goal of advancing mass market electric vehicles.
The Geely plant will be managed by Tesla and Panasonic will join it as a key partner in charge of lithium
About half of the planned manufacturing space;
The main suppliers combined with Tesla's modules and packaging components will form the other half of this fully integrated industrial complex.
FMCNYSE: FMC)
Serve the global agricultural, industrial and consumer markets with innovative solutions, applications and quality products.
On February 12, 2018, the company announced the fourth quarter and the full
Performance in 2017.
FMC reported revenue of about $2 this year.
9 billion, up 13% from 2016.
According to recognized accounting principles, the company posted revenue of $0. 536 billion, or $3.
99 per share after dilution.
FMC Lithium reported revenue of $0. 113 billion in the fourth quarter, an increase of 60% over the previous quarteryear quarter.
Some income more than doubled. over-
The first quarter of this year reached $44 million.
FMC's new hydroxide business in China has increased and increased year-on-yearover-
Prices are the main driver of economic growth.
The outlook for the full-year lithium segment revenue in 2018 was between $0. 42 billion and $0. 46 billion, up 27% in the medium term
Compared with 2017, although the prospects are comprehensive
EBITDA is between $0. 18 billion and $0. 2 billion.
Ford Motor Company (NYSE: F)
It is a global company based in Dearborn, Michigan.
The company designs, manufactures, sells and serves the full range of Ford cars, trucks, SUVs, electric vehicles and Lincoln luxury vehicles, providing financial services through Ford Motor Credit, and holds leadership positions in electrified, automated and mobile solutions.
In January 16, 2018, the company formulated a detailed plan to improve the operational suitability, readjust the focus of capital allocation, and speed up the introduction of intelligent vehicles and services.
Ford will expand its lineup of electric vehicles worldwide, totaling 40 vehicles, and will include 16 all-battery electric vehicles by 2022.
In support of this, the company announced that it now plans to invest more than $11 billion from 2015 to 2022.
The company also reiterated that it will launch a model that will provide at least 300-
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