the global lithium market is expanding due to evs growing popularity - lithium ion rechargeable battery

New York, April 25, 2018/PRNewswire /--
According to data from Mordor Intelligence, the global lithium market is expected to grow at a CAGR of 9.
33% from 2018 to 2033.
Due to the growing demand for lithium-ion batteries, the market is expected to grow significantly.
These rechargeable batteries are heavily used in portable electronics and the upcoming surge in electric vehicles (EVs). Lithium-
Ion batteries consist of a range of battery chemicals that combine a variety of anode and cathode to provide unique performance, cost and other parameters.
The increasing popularity of electric vehicles is due to the increasing attention to the environment, because these cars help to reduce the level of carbon emissions.
MGX Minerals(OTC: MGXMF)
Lithium Corporation of America(NYSE: LAC), Tesla, Inc. (NASDAQ: TSLA)
Ford Motor Company (NYSE: F)
, FMCNYSE: FMC)
Because of its environmental efficiency, electric vehicles are expected to promote the development of the lithium market.
Many countries are shifting from diesel to electric vehicles.
Other countries have begun implementing regulations and deadlines for increased deployment.
"Lithium has entered an era to a large extent.
This is the core component of the 99% electric vehicle, so demand is breaking the peak, "said Simon Morse, general manager of Benchmark Mineral Intelligence Research, who told CNBC in a telephone interview.
MGX Minerals(OTC: MGXMF)
Stock code listed on the Canadian stock exchange (CSE: XMG).
Earlier this week, the company provided an update on the Petrolithium project in the company's Paradox Basin (the "Project").
The project includes 80,380-
The federal oil and gas unit acre blueberry unit, recently created as part of the project.
After about two months of field work, the staff have completed the survey of the ancient creatures and are close to completing the Archaeological Survey.
All locations have been investigated so far, with a total of 163 new locations and 12 sites that need to be re-recorded.
The documentation of the survey will begin this week and will take about a week to complete.
Prior to the approval of the land administration, the seismic survey of the Paradox project is scheduled to begin in early August.
The 110,000-acre paradox project represents the first large project.
S. -scale comprehensive exploration for oil and lithium, near the Lisbon Valley field in the Paradox Basin, which shows a historical salt water content of up to 730 ppm of lithium (88-premium oil21P).
As part of the company's exploration in North and South America, the project is simultaneously exploring oil, natural gas, lithium and other saline minerals, testing and analyzing strategies, to determine the location of deployment of the company's lithium and mineral mining technology, including Petrolithium, geothermal and other sources of lithium brine raw materials.
MGX controls over 2 million acres of lithium mineral claims across North America.
MGX currently earns 75% of the work interest on the project, with the remaining interest mainly controlled by a private company in Utah (
"Paradox partner ").
Paradox partners have been hired by MGX as a subcontractor for the project.
The project is the host country of the national instrument (N. I)51-
101 estimated resources (the "Estimate")
Including the right to lease and royalty rights in San Juan County and Miguel County, Utah. Colorado.
It's estimated that it was prepared by Ryder Scott. P. ("Ryder Scott")
Independent qualified reserve appraisers in the sense of N. I. 51-101 -
Disclosure criteria for oil and gas activities ("NI 51-101")
Effective date of June 30, 2017.
The estimate is based on N. I. 51-
101 and Canada Oil and Gas Evaluation.
Lithium America(NYSE: LAC)
Together with square meters, it is the development of Cauchari-
The Olaroz lithium project is located in Jujuy, Argentina, through its 50% interest in Minera Exar.
Earlier this month, the company provided the latest Mineral Resources estimate for the Thacker Pass deposit for the lithium Nevada project in madmet Caldra, Nevada, USA.
Resource estimates are based on National Instruments 43-101 -
Public Standards for Mineral Projects ("NI 43-101"). At a cut-
2,000 lithium per million ("ppm Li")
, Updated resource estimates include measurement and indication resources for 0. 385 billion tons of Level 6 2,917 ppm Li.
Lithium carbonate equivalent 0 million tons ("LCE")
And 0. 147 billion tons of inferred resources, grading 2,932 ppm Li to 2.
LCE 3 million tons.
The updated resource estimates will be included in the preliminary feasibility study of the Lithium project and the results will be published at the end of the 2018 quarter.
For more information about the Lithium Nevada project and team, please refer to the press release of October 23, 2017. Tesla, Inc. (NASDAQ: TSLA)
Our mission is to accelerate the transformation of the world to sustainable energy.
Since its inception in 2003, Tesla has broken new barriers to developing high-end cars.
Performance car.
In addition, with the opening of the Gigabit plant and the acquisition of SolarCity, Tesla now offers a complete set of energy products containing solar, storage and power grid services.
As the only fully integrated sustainable energy company in the world, Tesla is a pioneer in the global transformation to a sustainable energy platform.
According to the Tesla team's blog, Tesla and Panasonic began mass production of lithium-
In early 2017, ion batteries will be used for Tesla's energy storage products and type 3 batteries.
Model 3 batteries will be produced in the second quarter, and by 2018, Gigafactory will produce lithium for 35 GWh/year-
Ion batteries, almost equal to the total output of other batteries in the world.
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.
On March 22, 2018, the company and the Mahindra Group announced that they would jointly develop a new suv and a small electric vehicle as part of several initiatives announced today by the two companies.
According to these initiatives, Mahindra and Ford will take advantage of their strengths in the bus sector to work together
Development of medium-sized sports utility vehicles (C-SUV).
Based on the Mahindra platform, this new SUV will improve engineering and business efficiency and will be sold independently by two companies as independent brands.
Mahindra and Ford also agreed to the assessment.
Develop small SUVs and electric vehicles, as well as a combination of shared power systems, including the provision of Mahindra power systems to expand Ford's product range.
FMCNYSE: FMC)
Serve the global agricultural, industrial and consumer markets with innovative solutions, applications and quality products.
The company employs about 7,000 employees around the world and operates in both FMC Agricultural Solutions and FMC Lithium.
The company announced that Paul Graves, executive vice president and chief financial officer, was appointed chief executive of the new publicly traded lithium materials company previously announced, this will be created in the second half of 2018 by separating the lithium business of the FMC.
Gilberto antoniazi, chief financial officer of Gil agricultural solutions, was appointed chief financial officer of the new lithium materials company. Subscribe Now!
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