Tesla’s plans to build Lithium battery Gigafactory have ignited interest to all our industry. They have received further confirmation now with the announcement that Panasonic has signed the letter of intent to participate in the project. Elon Musk has announced that Gigafactory Site Will Break Ground next month.
Due to the unique specific chemical qualities Lithium based chemistry for the batteries has become the automakers’ industry standard for their Electric Cars. Decades of research and billions of dollars invested in Lithium Technology have made it possible now. Tesla will invest 5 B in the Gigafactory and there are recent reports projecting the Lithium Battery growth into 26 B industry within next decade.
Goldman Sachs estimates that Gigafactory will potentially consume 17% of the current Lithium supply. Add to it Nissan and its partner Renault, BMW, Mercedes, WV Group, GM, BYD, KANDI and other names from China, which we are going to hear more and more - you will get a picture of dramatic increase in Demand for High Purity Battery grade Lithium."
With Elon Musk in the headlines again, it is time for us to discuss the Lithium Industry landscape in depth.
"We have discussed with you my personal vision of the Market for Electric Cars and Lithium Industry developments yesterday. I might be very "responsibly conservative" for the prospects of our Lithium Battery Industry after all! Today you get the bold vision from our Electric rEvolution leader-in-chief Elon Musk. AutoBlogGreen reports: "Tesla CEO Elon Musk Expects "Hundreds" Of Battery Gigafactories."
Time is to study Elon Musk's Tesla Gigafactory plans and their implications for the Lithium Materials Industry and Lithium Miners. Euro Pacific has produced a very good report on the Lithium industry last summer. Now you should adjust Lithium demand estimates with Tesla Gigafactory news and LG Chem plans for the battery factory to be built in China.
"International Lithium: Presentation Of Our Strategic Partner - Ganfeng Lithium.
I would like to share with you today the presentation about our strategic partner from China - Ganfeng Lithium. This partnership is the very important step for International Lithium and solidifies our business relationships. This company is one of the top Lithium Materials producers in the world. We have the new page on our website devoted to our strategic partner and you can follow the link for more information.
Ganfeng Lithium has developed technology to process the raw materials that we aim to produce and has an expanding customer base world-wide for their finished products. This Vertically Integrated Business structure gives International Lithium security in the market and expertise for materials processing side of future feasibility studies. It also gives International Lithium confidence in moving the projects forward as our partner is actively pursuing vertical integration within their business model. Read more."
Please make sure to check companies mentioned in the report for all latest details and news for the updated status. I have to mention that International Lithium and its 43-101 Qualified Person have not reviewed the information provided in this report about our company and it is out of date. Please do not rely on it in any way to make your investment decisions. For the latest information please contact us directly, check our website and latest financial filings.