BMI is providing us today with another very vivid picture showing the development of Lithium's End Markets. Lithium Technology for Energy Storage is driving this change. Below are a few numbers to consider: What will happen if ... all cars will be Electric by 2030?
"I will throw a few numbers just to give you a teaser here. The rest is on this blog for those who are ready to learn. The cost of Lithium in your iPhone is $1 dollar, in Tesla's Lithium battery cost of Lithium is 2-3% in the price of the finished product. We are in a generational shift 2 to 7,000: 2 is the number of the batteries in your father's remote control, more than 7,000 is the number of lithium batteries in Tesla Model S. It takes 63 kg of LCE (Lithium Carbonate Equivalent) to build Tesla Model S 70 kWh battery. Every 1% increase in sales of Electric Cars as part of total auto sales brings new demand for 70,000 t of LCE. Total production last year was 160,000 -180,000 t of LCE. During all our humankind history 1,000,000 EVs were sold before 2015. This year alone we can get 1,000,000 electric cars sold. Worldwide we are still close only to 1% of Electric cars in total auto sales. BYD - EV automaker from China where Warren Buffett is holding a 10% stake, will sell this year 100,000 EVs, it took GM 7 years to sell the same amount 100,000 of GM Volts. China is talking now about California style Zero Emissions Mandate: 8% of all news cars to be electric by 2018 and 12% by 2020. Let's digest it for a minute. With sales of EVs now only above 1% mark, we are talking about the factor of 8X in ... two years time and 12X increase in the number of electric cars produced in China by 2020! Now Goldman Sachs numbers can be really conservative: they are talking about 3 times increase in Lithium Demand by 2025. I am talking about the total disruption of $12 Trillion industries: 4$ Trillion Transportation and $8 Trillion Energy and Utilities. I am talking about all cars being electric very soon. Read more."
Back Into The Future: Lithium Will Power Us For The Next 50 Years And Then Robots.
The Tide Is Coming: The Economist: Electric Cars Are Set To Arrive Far More Speedily Than Anticipated.
There Is Not Enough Lithium For Batteries Even After A 14% Increase In Production - Prices Are Up 74% in 2016.
Andrew Miller reports from BMI: there is not enough lithium for battery demand even after a 14% increase in production in 2016 - Lithium Carbonate (LCE) prices are up 74% year on year! The Switch is only at its very beginning, the Tide of Electric Cars for masses is coming and Lithium is the magic metal at the very heart of this Energy rEVolution. There are more than 70 models of electric cars on sale in China already! International Lithium is plugged into the largest auto market in the world in China with its strategic partner giant from China Ganfeng Lithium.
Building The Secure Lithium Supply For Electric rEVolution: International Lithium Corp. Announces Strategic Changes.
“Ganfeng has a strong commitment to supply Lithium products to various industries worldwide,” stated Ganfeng’s Director, Wang Xiaoshen, “so we clearly have a vested interest in these projects and have been very hands-on in the evaluation of ILC’s properties. I feel confident that these projects fit our resource strategy.”
Ganfeng is the largest integrated lithium producer in China, with a total capacity of around 30,000 tpa LCE. Ganfeng’s products include lithium metal, lithium hydroxide, lithium carbonate, lithium fluoride, lithium chloride, and other chemical products of lithium. In Australia, Ganfeng Lithium owns a 43.1% interest in the Mt. Marion lithium spodumene mine with Mineral Resources Ltd. (43.1%) and Neometals Ltd. (13.8%). Ganfeng was founded in 2000 and trades on the Shenzhen Stock Exchange with a market capitalization of around US$ 3 billion.
‘China’ the Centre of the Lithium Universe.
Please read legal disclaimer. There is no investment advice on this blog. Always consult a qualified financial adviser before any investment decisions. DYOR.
(Please note that International Lithium is an exploration stage company and not producing any lithium materials yet. Company does not have any resources and/or reserves as it is defined by respective policies for disclosure by mining companies other than properly reported in its public filings on SEDAR)
Please Note that International Lithium Qualified Person - as it is defined by NI 43-101, was NOT able to Verify and Confirm Any Provided Information by The Third Parties in the Articles, News Releases or on the Links embedded in this blog post; you must NOT rely in any sense on any of this information in order to make any Resource or Value Calculation, or attribute any particular Value or Price Target to any Discussed Securities.
‘China’ the Centre of the Lithium Universe
Kirill Klip
President of International Lithium Corp.
The recent Volkswagen scandal has once again shed light on polluting vehicles and the health hazard they pose to the public and environment. In hopes of ending this tainted legacy, governments have begun implementing regulations to phase out emission causing vehicles. Respectively, all major automakers have followed suit and pledged to build dozens of electric vehicles in years to come.
Maybe you missed it, but China is now “The Center of the Lithium Universe”. China is already the world’s largest electric vehicle market. BYD, the Chinese company backed by Warren Buffett, is the largest EV manufacturer in the world, thus the Chinese companies are producing the largest amount of lithium chemicals for the batteries required to make them. The market is booming, there are currently 25 companies making 51 models of electric cars in China. Over 500,000 EVs will be sold in China this year alone. By comparison, it took GM 7 years to sell 100,000 Chevy Volts since 2009 which is projected to be also the total of sales for BYD just in this year!
Now there are reports that China is pushing for the very aggressive California style Zero Emission Vehicle (ZEV) program. "8% of new cars to be electric by 2018, 12% by 2020.” Let’s put it into perspective: this year there are just over 1% of new cars sales in China. By 2018 they are talking about a factor of 8x that and 12x by 2020. That’s a 12x increase in the number of electric cars to be produced in China! Let’s digest it all for a moment…
Chinese companies currently control the majority of the Lithium Hydroxide market, a critical chemical product (so-called battery grade lithium) that goes into EV batteries. The same product that also goes into Tesla batteries, which Panasonic makes lithium cells for.
This month Magazine “Industrial Minerals” reported about Ganfeng Lithium and Tianqi Lithium from China and their incredible growth: “Lithium boom continues to fuel Chinese majors” – Tianqi Lithium and Ganfeng Lithium both saw turnovers more than double in the first nine months of 2016.
International Lithium stands out among other companies developing lithium resources with its Strategic Partner – $4.5 Billion dollars Market Cap giant from China Ganfeng Lithium Co. Ltd.
Last month the news came out: Strategic Partner Ganfeng Lithium to Increase Equity Ownership in International Lithium.
“I am very pleased that Ganfeng Lithium is reinforcing its strategic stake in International Lithium. Ganfeng is a worldwide leader in lithium materials production based in China. They provide not only the capital to advance our joint venture projects in Argentina and Ireland but the technology to facilitate potential production to their particular needs as a lithium end-user. Ganfeng holds 19 patents and is the only company producing lithium chemicals both from brine and hard rock spodumene sources” states Kirill Klip, President of the Company.
International Lithium develops lithium projects on three continents: in Europe, Argentina and Canada. This year $17 million Canadian dollars were allocated to all ILC projects for development until the end of 2017.
Two J/V with Ganfeng Lithium are financed by ILC’s Strategic Partner: Avalonia in Ireland and Mariana in Argentina.
Now ILC has entered into a new strategic partnership with Pioneer Resources from Australia for their Mavis Lake and Raleigh Lake projects in Canada.
This is the implementation of ILC’s new strategy, developed for the security of lithium supply for North America. International Lithium is advancing a multitude of smaller deposits in the Upper Canada region that possess near perfect accessible infrastructure and that can supply a central lithium carbonate processing facility.
Please read legal disclaimer. There is no investment advice on this blog. Always consult a qualified financial adviser before any investment decisions. DYOR.
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