This is where we are going: International Lithium is building the supply chain for Ganfeng Lithium and is part of this vertically integrated lithium battery business in China. Ganfeng Lithium finances J/V projects with International Lithium in Ireland and Argentina and we have the very encouraging news coming out. Western Lithium has taken out Lithium Americas with Cauchari lithium brine project and as you can see on the map below we have just a very few Salars left without ownership by major lithium player.
International Lithium Mariana J/V With Ganfeng: Orocobre Olaroz Lithium Update.
We are following very closely the development at Olaroz by Orocobre. Today company is reporting very encouraging news on its production update and the market conditions. International Lithium and Ganfeng Lithium J/V operations on Mariana are moving towards pilot plant stage and we are very encouraged with our initial results.
Mr Li Chairman of Ganfeng Lithium and Mr Klip President of International Lithium.
International Lithium:
International Lithium Corp. Updates on Drilling Programs in Argentina and Ireland
Vancouver, B.C. June 1, 2015: International Lithium Corp. (the "Company" or "ILC") (TSX VENTURE: ILC.V) is pleased to provide an update on the exploration and drilling programs at the Mariana Project in Argentina and the Avalonia Project in Ireland.
Mariana Project - Salta, Argentina
A 171 metre drill hole ("MA15-09PW") was completed near the centre of the salar. Core samples recovered give a more detailed stratigraphic section than was possible through previous reverse circulation drilling. Core logging of the two aquifers in the upper levels of the salar confirms that the upper aquifer consists of granular and massive halite, interbedded with silt and fine tuffs from surface to a depth of 30 metres and that the second aquifer, consists of medium to coarse grained gravels in a sandy matrix from 53 to 119 metres depth. MA15-09PW ended in approximately 52 metres of massive halite approximately 50 metres deeper than previous drilling. A borehole geophysical survey is interpreted to confirm this stratigraphy based on the resistivity profile.
Drill hole MA15-09PW is nearing completion in preparation for pump tests. These tests will provide hydrological characteristics of the two brine aquifers under pumping conditions and their response after pumping. These are important characteristics that are used to determine the potential rate at which brine could be drawn from the upper aquifers. This will be the first pump test conducted at the project.
The results to date confirm that Salar de Llullaillaco is a halite dominant, mature salar that bears a significant stratigraphic resemblance to prominent salars in the region including Atacama, Rincon and Uyuni. The Mariana project is a partnership of Ganfeng Lithium Co. Ltd., ("GFL") and ILC with 100% ownership of Salar de Llullaillaco in Salta province.
Mr. Kirill Klip, President, International Lithium Corp. comments, "We are highly encouraged by what we are learning about the thick brine aquifers at Mariana. We look forward to completing the pump test which will give us a sense of the potential productivity of wells in these aquifers and we are confident that our plan to acquire these key preliminary hydrological results prior to a mineral resource estimation is both an expeditious and cost effective approach toward an initial production assessment." Read More.
Lux Research:
China’s Advanced Energy Storage Market to Quadruple to $8.7 Billion in 2025
Transport applications will take an 85% share, or $7.4 billion, as pollution and policy drive the market for electric vehicles, Lux Research says
BOSTON, MA – June 11, 2015 – Driven by environmental problems, a growing auto industry, and a big policy push, China’s advanced energy storage market will be worth $8.7 billion in 2025, more than quadrupling from the current $1.7 billion, according to Lux Research.
Transport applications will dominate with $7.4 billion, or 85% share of the revenues. Stationary applications will earn $1.3 billion. Overall, revenues will grow slower than volumes on account of continually falling battery and systems prices.
“Besides understanding the market dynamics and producing cost-competitive products, most players in these markets will require strong partnerships to succeed,” said Lilia Xie, Lux Research Associate and lead author of the report titled, “Clearing the Haze: Demystifying Energy Storage Opportunities in China.”
“Early leaders such as BYD will try their best to hold onto their positions but the diversification of the market will gradually create promising opportunities for those who operate with patience and savvy,” she added.
Lux Research analysts studied China’s growing energy storage market in the backdrop of drivers such as environmental pollution, the push toward renewables, and government incentives. Among their findings:
- While transportation leads, stationary is a growth driver. Total demand for energy storage will grow to 31 GWh per year in 2025, with transportation again the dominant player. Transportation’s share of the market will grow to 29 GWh; the stationary market, at 2.3 GWh, is smaller but grows at a faster 30% CAGR.
- Growth of NEVs cools. After a spike in sales of new energy vehicles (NEV) in 2014, China will settle to a more leisurely pace of growth, mainly on account of inadequate charging infrastructure. Still, the market will grow at a 19% CAGR, reaching 500,000 units in 2025, across passenger and heavy vehicles.
- Renewables will drive stationary storage. Growth in China’s stationary storage will follow from an aggressive deployment of renewables. China leads the world in installed capacity of renewables, with plans for much more. In addition, preliminary policy developments suggest the electricity sector will implement pricing reforms, encouraging efficiency-boosting technologies including grid storage.
The report, titled “Clearing the Haze: Demystifying Energy Storage Opportunities in China,” is part of the Lux Research Energy Storage Intelligenceservice.
ABOUT LUX RESEARCH
Lux Research provides strategic advice and ongoing intelligence for emerging technologies. Leaders in business, finance and government rely on us to help them make informed strategic decisions. Through our unique research approach focused on primary research and our extensive global network, we deliver insight, connections and competitive advantage to our clients. Visit www.luxresearchinc.com for more information."
No comments:
Post a Comment