FinancialBuzz.com: Benefits of Clean Energy Pushes Lithium Market
NEW YORK, February 1, 2017 /PRNewswire/ --
According to a recent market research published by Transparency Market Research, the global lithium-ion battery market is projected to grow from $29.68 billion in 2015 to $77.42 billion by 2024, which is a strong CAGR of 11.6% for the projected time period. Due to technological innovation in the energy field related to lithium, demand for lithium-ion batteries is expected to increase among several sectors, including Consumer Electronics, Automotive and Grid Energy & Industrial Applications. Lithium X Energy Corp. (TSX-V: LIX) (OTC: LIXXF), Albemarle Corporation (NYSE: ALB), Sociedad Quimica y Minera de Chile (NYSE: SQM), FMC Technologies Inc. (NYSE: FTI), Tesla Motors Inc. (NASDAQ: TSLA)
A key factor for the future of the lithium-ion battery market is a growing shift toward sustainable clean fuels in the automotive sector. The report indicates that "the increasing level of awareness among consumers and automobile manufacturers alike regarding the benefits of clean fuel, the declining availability of natural resources, and the soaring prices of fossil fuels have warranted the need for alternate solutions and this has significantly driven the global lithium-ion battery market."
Lithium X Energy Corp. (OTCQX: LIXXF) (TSX-V: LIXLithium X owns 50 per cent, and has the option to acquire up to 80 per cent, of the Sal de los Angeles lithium brine project in the prolific Lithium Triangle in mining-friendly Salta province, Argentina. Lithium X's Arizaro project consists of 33,846 hectares located in one of the world's largest salars thought to contain elevated lithium brine values. Lithium X is also exploring a large land package in Nevada's Clayton Valley, contiguous to the only producing lithium operation in North America -- Silver Peak, owned and operated by Albemarle, the world's largest lithium producer.
Earlier today, Lithium X Energy Corp announced that, "the appointment of Timothy McKenna ("McKenna") as Vice President, Investor Relations, US Government Relations and Corporate Communications, effective February 1, 2017. In this role, he will lead the Company's communications strategy with investors, the media and government, community and industry audiences.
Mr. McKenna joins Lithium X with 35 years of experience in investor relations and communications. He was vice president of Rockwood Holdings Inc., then the largest manufacturer of lithium, from 2006 until Rockwood's $6.2 billion combination with Albemarle Corporation. During his tenure, he created Rockwood's investor relations and communications program and was instrumental in working with the U.S. Department of Energy to help Rockwood gain a $28 million grant to expand its lithium operations in North Carolina and Nevada's Clayton Valley. Previously he was senior vice president of investor and government relations for Smurfit-Stone Container Corp., then the largest containerboard manufacturer.
"We are extremely pleased to welcome Tim McKenna to our executive team," commented Brian Paes-Braga, Lithium X CEO. "Tim's background speaks for itself. His skills and experience with the investment community and in particular the lithium space, being an integral part of the growth of Rockwood from a small cap company to a successful $6.2 billion take-over in 2014 will help us expand our shareholder base in the US and beyond as we continue to pursue our strategic goal of becoming the go-to upstream lithium company."
Albemarle Corporation (NYSE: ALB) is a global specialty chemicals company with leading positions in lithium, bromine, refining catalysts and applied surface treatments. The company powers the potential of companies in many of the world's largest and most critical industries, from energy and communications to transportation and electronics. Working with their customers, they develop value-added, customized solutions that make them more competitive. Albemarle solutions combine the finest technology and ingredients with the knowledge and knowhow of our highly experienced and talented team of operators, scientists and engineers.
Sociedad Quimica y Minera de Chile (NYSE: SQM) is a producer of potassium nitrate and iodine. The Company produces specialty plant nutrients, iodine derivatives, lithium and its derivatives, potassium chloride, potassium sulfate and certain industrial chemicals. Its segments include specialty plant nutrients, industrial chemicals, iodine and derivatives, lithium and derivatives, potassium, and other products and services. Specialty plant nutrients are fertilizers that enable farmers to improve yields and the quality of certain crops. Industrial chemicals have a range of applications in chemical processes, such as the manufacturing of glass and industrial nitrates. Iodine and its derivatives are used in the X-ray contrast media and biocides industries, among others.
FMC Technologies Inc. (NYSE: FTI) and Technip combined to become "TechnipFMC", a global leader in subsea, onshore/offshore and surface projects. The Company designs, manufactures and services a range of systems and products, including subsea production and processing systems, surface wellhead production systems, high pressure fluid control equipment, measurement solutions and marine loading systems. Its segments include Subsea Technologies, Surface Technologies and Energy Infrastructure.
Tesla Motors Inc. (NASDAQ: TSLA) has produced 24,882 vehicles in Q4, resulting in total 2016 production of 83,922 vehicles. This was an increase of 64% from 2015. Tesla delivered approximately 22,200 vehicles in Q4, of which 12,700 were Model S and 9,500 were Model X. When added to the rest of the year, total 2016 deliveries were approximately 76,230. Tesla Motors, Inc. designs, develops, manufactures and sells electric vehicles and energy storage products. The Company produces and sells two electric vehicles: the Model S sedan and the Model X sport utility vehicle.
Please SIGN UP NOW at http://www.FinancialBuzz.com To Receive Alerts on Trending Financial News from all these companies. "The Latest Buzz in Financial News"
Subscribe Now! Watch us report from NYSE 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 branding, marketing and advertising for third parties for disseminating 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 service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. Financialbuzz.com has not been compensated directly by any of the companies mentioned here in this editorial. 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 as we purely incorporate public market research along with financial and corporate news. FinancialBuzz.com only regurgitates financial or corporate news through our unique financial newswire and media platform. FinancialBuzz.com has been compensated a total of seven thousand dollars for financial news dissemination and pr services by a third party non affiliate for lithium x energy corp. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this 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 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 the 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 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
For further information:
Media Contact: [email protected] , +1-877-601-1879
Url: http://www.FinancialBuzz.com
SOURCE FinancialBuzz.com
Share this article