They are coming! Chevy Bolt, Tesla Model 3 and Nissan Leaf with the improved range will ignite the mass market for EVs. Lithium Gigafactory by Tesla and Megafactories by Foxconn, BYD, Boston Power, LG Chem and A123 are being built to mass produce lithium batteries. Cheaper lithium batteries change everything. Ganfeng Lithium: 1.3 billion dollar market cap giant from China - is building the secure supply chain for lithium and International Lithium advances two J/V projects now in Ireland and Argentina. Financing from the Lithium Major makes all the difference for International Lithium and now we are reporting great results.
International Lithium Corp. Reports on Continuing Work in Argentina and Ireland With Ganfeng Lithium.
"Mr. Kirill Klip, President, International Lithium Corp. comments, "Our projects are advancing in tandem with rising lithium prices. The lithium supply chain is being stressed even before the commissioning of the Tesla Gigafactory and other megafactories from BYD, Foxconn, Boston Power and LG Chem. Our joint ventures with Ganfeng Lithium demonstrate that cooperation between companies with varying expertise in the raw materials supply chain can work to secure a supply of strategic commodities. In this case, lithium which is necessary for the clean energy initiatives announced by the U.S. and China. These two countries alone will provide mass markets for electric cars and home energy storage units increasing the demand for lithium batteries."