Competition in the Global Lithium-ion Battery Market Expected to Increase

NEW YORK, February 15, 2018 /PRNewswire/ --

According to data provided by Technavio, the global lithium-ion battery market is expected to reach USD 81.65 billion by 2021 and growing at a CAGR of over 11%. The report indicates that the market is not yet fully developed and is still in its initial stage. Competition is expected to intensify as the market continues to be introduced to new technologies and witnesses higher investments in R&D. Lithium-ion batteries are also widely used in portable electronics, such as smartphones, cameras, watches and tablets. The popularity for lithium-ion batteries is due to its high energy density and high safety level ratings. MGX Minerals Inc. (OTC: MGXMF), Albemarle Corporation (NYSE: ALB), FMC Corporation (NYSE: FMC), Tesla Inc (NASDAQ: TSLA), Lithium Americas Corp (NYSE: LAC)

Innovations and enhancement of technology will be the criteria among vendors to meet the demand in the market. According to Thanikachalam Chandrasekaran, a lead analyst at Technavio for energy storage, "Companies are adopting inorganic growth solutions like M&A and forming partnerships with effective product launches. Acquisitions and joint ventures are some of the strategies that the vendors are pushing aggressively to gain market share and gain a competitive edge."

MGX Minerals Inc. (OTC: MGXMF) also listed on the Canadian Securities Exchange under the Ticker 'XMG'. The company recently announced breaking news that it, "has commenced joint brine testing with four Chilean mining companies at multiple salars (the "Projects") located throughout Chile. The Projects are at various stages of development. The purpose of joint testing is to provide a basis for future potential joint-venture locations that will utilize MGX's lithium extraction technology. All samples are being shipped to Calgary, Alberta to undergo pilot plant testing.

The mining-friendly region of Chile is host to approximately 50% of global lithium reserves and is responsible for one-third of global annual output. The world's leading lithium producers and some of the largest and highest grade salars globally are located in Chile. The country is host to well-developed infrastructure and a skilled labor force. Additionally, recent elections have led to a new government taking office next month. The new incoming Minister of Mines, Mr. Baldo Prokurica, has publicly stated his intent to reform the country's mining industry through the rollout of a new mining development plan that will foster foreign investment into the country."

About MGX Minerals - MGX Minerals is a diversified Canadian resource company with interests in advanced material and energy assets throughout North America.

Albemarle Corporation (NYSE: ALB), headquartered in Charlotte, NC, is a global specialty chemicals company with leading positions in lithium, bromine and refining catalysts. Albemarle is the industry leader in lithium and lithium derivatives, one of the highest growth markets in the specialty chemicals industry. Its unique natural resource position, derivatization capabilities and technology leadership allow Albemarle a sustainable competitive advantage. The company maintains the strongest vertical position in the industry, from raw material extraction to specialty product manufacturing and are able to provide an unmatched security of supply to our valued customers. On November 8, 2017, the company reported third quarter 2017 net sales of $754.9 million, earnings of $118.7 million and adjusted EBITDA of $209.4 million. Lithium and Advanced Materials reported net sales of $343.6 million in the third quarter of 2017, an increase of 42.9% from third quarter 2016 net sales of $240.4 million.

FMC Corporation (NYSE: FMC) has served the global agricultural, industrial and consumer markets with innovative solutions, applications and quality products. FMC employs approximately 7,000 people throughout the world and operates its businesses in two segments: FMC Agricultural Solutions and FMC Lithium. Recently, the company reported fourth quarter and full-year 2017 results. For the year, FMC reported revenue of approximately $2.9 billion, an increase of 13 percent compared to 2016. FMC Lithium reported fourth quarter segment revenue of $113 million, an increase of 60 percent versus the prior-year quarter. Segment earnings more than doubled year-over-year to $44 million in the quarter. Higher volume from FMC's new hydroxide operations in China and higher year-over-year prices were the main contributors to growth. The outlook for Lithium segment revenue for the full year of 2018 is in the range of $420 million to $460 million, an increase of 27 percent at the mid-point compared to 2017, while the outlook for full-year segment EBITDA is in the range of $180 million to $200 million.

Tesla Inc (NASDAQ: TSLA) mission is to accelerate the world's transition to sustainable energy through increasingly affordable electric vehicles in addition to renewable energy generation and storage. According to a blog by The Tesla Team last year, Tesla and Panasonic began mass production of lithium-ion battery cells, which will be used in Tesla's energy storage products and Model 3. The high performance cylindrical "2170 cell" was jointly designed and engineered by Tesla and Panasonic to offer the best performance at the lowest production cost in an optimal form factor for both electric vehicles and energy products. Model 3 cell production will follow in Q2 and by 2018, the Gigafactory will produce 35 GWh/year of lithium-ion battery cells, nearly as much as the rest of the entire world's battery production combined.

Lithium Americas Corp (NYSE: LAC), together with SQM, is developing Cauchari-Olaroz, located in the Province of Jujuy, Argentina, through its 50% interest in Minera Exar. In addition, Lithium Americas owns 100% of Lithium Nevada (formerly Kings Valley project), and RheoMinerals Inc., a supplier of rheology modifiers for oilbased drilling fluids, coatings, and specialty chemicals. On January 18, 2018, the company provided certain corporate developments. Lithium Americas continues to advance Lithium Nevada, a clay-based lithium resource in the McDermitt Caldera. The 2017 exploration drill program was completed on time and budget with assay results expected in the coming months. Planning for a further 2018 exploration drill program is underway and focused on mapping the extent of the deposit. Progress on the geology, mine plan, process engineering and permitting remain on track to complete a PFS on Lithium Nevada as planned.

Subscribe Now! Watch us report LIVE https://www.youtube.com/FinancialBuzzMedia
Follow us on Twitter for real time Financial News Updates: https://twitter.com/financialbuzz
Follow and talk to us on Instagram: https://www.instagram.com/financialbuzz
Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz/

About FinancialBuzz.com  

FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR dissemination, branding, marketing and advertising for third parties for corporate news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.

Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the 'Site') is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer any personal opinions, recommendations or bias commentary as we purely incorporate public market information along with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For mgx minerals inc. financial news dissemination and PR services, FinancialBuzz.com has been compensated five thousand dollars by the company. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or cash payments for financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the editorial or Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on this editorial or Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this editorial and website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use, please visit: http://www.financialbuzz.com.

Media Contact:
[email protected]  
+1-877-601-1879

URL: http://www.FinancialBuzz.com

SOURCE FinancialBuzz.com