Sunday, 14 June 2015

Lithium Race: China's Guangzhou Auto To Invest $322 M In Electric Car Factory.


  How to achieve the explosive growth like International Lithium's strategic partner Ganfeng Lithium? You need to have the largest auto-market in the world, "War on Pollution" and state-level support for the new strategic industry - electric cars. After Tesla Gigafactory, LG Chem, BYD, Foxconn, Boston Power and A123 are building their own Megafactories. New automakers, like Guanzhou Auto in China are moving now into electric space with announcements almost every month. International Lithium is building strategic supply chain for Ganfeng Lithium, our J/V in Ireland and Argentina are financed by Ganfeng and now we are receiving results.

Tesla Gigafactories: Is There Enough Lithium to Maintain the Growth of the Lithium-Ion Battery Market?

 Elon Musk talks about "hundreds of Gigafactories to come" and other lithium batteries players are building their own Megafactories today. Tam Hunt brings the hot industry subject to the headlines. The short answer is: Yes, we have enough Lithium potentially in the world for electrification of all our transportation. But in order to get it as the raw material ready to be used we have to invest hundreds of millions of dollars and years to build this supply chain. The security of supply of lithium is taking the central stage for the main battery grade lithium producers. 
  The drama is that the demand is coming when junior miners are cut off the capital they need to develop the new projects. That is why International Lithium is very well positioned to participate in this trend with the financing of our lithium J/V projects by Chinese giant Ganfeng Lithium. Lithium supply issues are hitting headlines now and our results are coming from our exploration programs these days. You can find more information from lithium industry insiders on the supply issues on this blog.

"Mr. Kirill Klip, President, International Lithium Corp. comments, "We are very excited with the ability to continue to advance our projects to the next level through our partnership with Ganfeng Lithium. Recent announcements, by General Motors regarding the commencement of production of the battery-electric Bolt and Tesla with the ongoing construction of the Gigafactory and launch of the Model X, are strong indicators that the electric car is not only here to stay, but is the way of the future. As a result lithium will be a key ingredient in our daily lives and ILC will be ready to meet the demand for this raw and critical material."

"Mr. Kirill Klip, President, International Lithium Corp. comments, "We are excited to begin another round of drilling at Avalonia in Ireland. Ganfeng Lithium - the leading lithium materials producer from China is financing the development of our JV projects in Ireland and Argentina. There is strong growth in the lithium industry right now. We are taking the necessary steps to meet the increased demand and source the raw materials required for our partner's lithium products and create a supply chain to ultimately achieve the goal of building a vertically integrated lithium business."

"Mr. Kirill Klip, President, International Lithium Corp. comments, " We are very pleased to begin another round of exploration on the Mariana lithium-potash brine project in Argentina. The project is wholly owned together with our strategic partner, Ganfeng Lithium. Our project is unique to other lithium brine projects in many ways. Firstly, our joint venture owns the mineral rights to the entire Salar de Llullaillaco, which has high potassium to lithium ratio; therefore it may provide a significant credit to the cost of lithium extraction. Secondly, our strategic partner possesses the technology and facilities to analyze the brine chemistry and develop a metallurgical extraction process. Our current program will provide us with enough information to design and plan the next phase of exploration and development as we move toward conducting feasibility studies.

The concurrent exploration programs on the Mariana and Avalonia properties demonstrate we have not deviated from our original plan to produce lithium from multiple sources and deposit types. The lithium industry is heating up right now and our diversified portfolio and partnership with Ganfeng Lithium give us a strong foundation to build upon. I am excited to see things moving ahead and look forward to reporting the results of our programs to our investors in the near future."

International Lithium Corp. Updates on Drilling Programs in Argentina and Ireland.

"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."

Gary Schellenberg, CEO and Executive Chairman, notes that "Success in the initial drilling program by intersecting pegmatites under cover confirms the exploration strategy and methods we are applying in the Avalonia project. This gives us confidence as we move ahead with plans to test both new and historical targets we are developing along the lithium belt."

International Lithium And Ganfeng Lithium: "The End Of The Lithium 'Big 3'.

  "Joe Lowry has published a very interesting article about the lithium market, major producers and rising Chinese powerhouses in lithium industry. You can find now more details on International Lithium strategic partner Ganfeng Lithium. Apple Electric iCar and Warren Buffet BYD move into energy storage to chase Elon Musk with his Tesla Gigafactory bring Lithium back onto the radar screens of investors now. Read more."

China's Guangzhou Auto To Tnvest $322 M In Electric Car Factory.

"GUANGZHOU: Guangzhou Automobile Group Motor plans to invest 2 billion yuan ($322 million) in a factory in China that will exclusively build green "new energy" vehicles, a senior executive said on Friday.
Chinese carmakers are rushing to market with new energy vehicles - electric cars, hybrids and fuel cell vehicles - to meet fuel economy standards that grow increasingly strict each year to 2020, part of the government's effort to tackle pollution that chokes many major urban areas.
Guangzhou's new factory will have an annual production capacity of 100,000 vehicles and is slated for completion in 2018, although that timetable may be accelerated depending on sales of new energy models, Vice General Manager Liang Weibiao said in an interview on Friday.
The company, a subsidiary of Guangzhou Automobile Group , produces own-brand cars. Liang, who oversees sales and several other departments, declined to say where the factory will be located.
"Many places ardently want us to build there. There are some that, in order to get us to build locally, make known that they are now thinking of buying a large quantity of our products," he said.
Guangzhou Automobile Group Motor aims to sell 3,000 new energy vehicles this year and targets 10,000 in 2016, producing only as much as there is demand for, Liang said.
It currently sells hybrid and range-extended electric versions of its GA5 sedan, with a hybrid version of the GS4 SUV set to hit the market next year, he added.
Both domestic and global automakers are continuing to plough money into factories in China, the world's largest car market, despite the biggest economic slowdown in a quarter of a century crimping sales growth.
Guangzhou Automobile Group Motor head Wu Song told Reuters in April that it separately plans to build two factories in 2016 and 2018, each with a capacity of 200,000 units.
Chinese auto sales contracted year-on-year for the second consecutive month in May, the China Association of Automobile Manufacturers (CAAM) said on Wednesday. CAAM said in March that sales growth this year could be slower than the 6.9 percent growth in 2014.
($1 = 6.2081 Chinese yuan renminbi)"