Headlines are full of news from China about new EV production facilities being built and lithium batteries megafactories are in the making all over the world. We are entering the mass market stage for electric cars with Tesla Model 3, GM Bolt and Nissan Leaf with increased range coming out. All these great news are coming when lithium supply is already under strain, SQM is in the deck of political game in Chile and junior miners are cut off the access to the capital. Western Lithium and Lithium Americas merger signifies the bottom for our sector, in my personal opinion. Weak companies will be gone unfortunately. Strong ones will break the old oligopoly. Now Western Lithium will have lithium brine project and combined company will have better chances to get enough capital to move projects further. It is the great news for all our sector, place is consolidating and better stories will earn investors' interest. Now you can appreciate one more time the importance of International Lithium strategic partnership with Ganfeng Lithium, who is financing the development of our J/V projects in Ireland and Argentina.
Peter Epstein presents to us the very interesting view from the independent insider into the very closed and tightly held lithium market. Tesla is making headlines and situation with SQM provides another evidence of the importance of secure lithium supply for the major players. Joe Lowry is raising alarm about the coming shortage in the lithium supply even before Tesla's Gigafactory will be coming on-line and I have been talking about it before, you can continue your research on the links below. Now we have another catalyst for the lithium industry in the making. Access to the capital is the most important for the junior miners working on building lithium supply chain. Ganfeng Lithium - one of the new top lithium producers from China is financing the development of J/V projects with International Lithium in Ireland and Argentina.
What is really happening with SQM and lithium production in Chile now? Is it really the perfect storm and the very tight battery grade lithium supply will be under further strain from political battle around Atacama? Daniella Desormeux from signumBOX will be one of the best sources to explore the ongoing situation.
Here comes the perfect storm for the lithium supply chain. Politics, bribes and fight around the "hot assets" in Atacama are not the best ingredients for the hungry Chinese companies ramping up battery grade lithium supply for the coming Megafactories all over the world. Meanwhile Tesla Gigafactory is still relying on Panasonic to sort out all lithium supply issues. Price of battery grade lithium was going up even before these political games around SQM and now rain storms will add to the strains on production in Atacama. Now you can better appreciate why Chinese giant Ganfeng Lithium is financing and developing with International Lithium our J/V projects - security of Lithium supply is taking the central stage for the ongoing electric rEVolution.
News about the potential shortage in battery grade lithium supply is travelling fast and now hitting the mainstream media.
Tesla Gigafactories: Is There Enough Lithium to Maintain the Growth of the Lithium-Ion Battery Market?
"Joe Lowry is sounding the rising alert for all industry insiders about the coming shortage of lithium. Tesla is waiting for Panasonic to solve all the supply problems, but the growing demand is already pushing prices higher even before Gigafactory comes on-line! The ignition of mass market for electric cars and energy storage will come with lower lithium battery cost. Gigafactory promise us to bring the magic $100 per kWh. Supply of lithium will become crucial and its security will be even more important than its price.Our partner Ganfeng Lithium controls with other Chinese companies 75% capacity of battery grade lithium hydroxide now. We are moving into the new landscape for critical materials which are powering the green revolution. Stay tuned for the update from our lithium exploration programs on J/V projects in Ireland and Argentina."
We have great news today from our both J/V projects with Ganfeng Lithium! You already know about my personal vision for the lithium industry and our strategic partnership between International Lithium and Ganfeng Lithium from China. Now we have results coming in from our exploration and development programs.