NEW YORK, February 21, 2017 /PRNewswire/ --
Lithium is becoming a major component of the energy sector. A report by Transparency Market Research indicates that by power capacity, the low power lithium-ion battery (5-25 Wh) segment held the lead in the global market, accounting for a 35% share in 2015. The stronger batteries (18-28 KWh) segment is projected to witness significant growth in the coming years, at 16.7% CAGR by value from 2016 to 2024. In total, the global lithium-ion battery market is projected to rise from US$29.68 billion in 2015 to US$77.42 billion in 2024, at a CAGR of 11.6%. Lithium X Energy Corp. (OTC: LIXXF) (TSX-V: LIX), Sociedad Quimica y Minera de Chile (NYSE: SQM), Ford Motor Company (NYSE: F), Toyota Motor Corporation (NYSE: TM), Albemarle Corporation (NYSE: ALB)
The research point out that based on application, the consumer electronics segment accounted for the leading share in the lithium-ion battery market in terms of revenue. However, the prediction is that market saturation in several countries will enable the automotive segment to gain much momentum, exhibiting the fastest growth during the forecast period due the anticipated boom of electric vehicles. Geographically, the Asia Pacific region leads the global market for lithium-ion batteries, with a share of over 48% in 2015. This region is also projected to expand at a significant pace in terms of demand and sales during the course of the forecast period. In terms of value, the Asia Pacific region lithium-ion battery market will register a 12.5% CAGR from 2016 to 2024.
Earlier today Lithium X Energy Corp. (TSX-V: LIX) (OTCQX: LIXXF) just announced that it, "has received permits for the construction of the initial ponding facility to be constructed as part of the Salta Exploraciones SA. Highlights: Permits received for the construction of the initial ponding facility - The initial ponding facility is part of a joint venture with Salta Exploraciones S.A., a local consortium of companies with extensive expertise in the construction of ponding facilities - The initial ponding facility is designed for an output of approximately 2,500 annual tonnes of lithium carbonate equivalent in 5% lithium concentrate
The initial ponding facility is designed for an output of approximately 2,500 tonnes per annum of lithium carbonate equivalent ("LCE"). The permits allow for the construction of brine collection, pumping, piping and ponding facilities consisting of 62.6 hectares of lined ponds, designed to produce a high-purity 5% lithium concentrate, at the Company's flagship Sal de los Angeles project ("SDLA" or the "Project") in Argentina. The JV ponding facility will cover a maximum of 100 hectares (approximately 1%) of the 8,156 hectares that comprise the Sal de los Angeles property. Construction activities will begin immediately. The Project has not been the subject of a feasibility study and there is no guarantee the Facility will successfully produce a commercial product on a profitable basis or at all.
"We would like to thank the Province of Salta and respective regulatory authorities for their assistance and cooperation in the granting of this permit," commented Paul Matysek, Executive Chairman. "This is a key milestone for our Company and will certainly strengthen and differentiate our status in a very crowded lithium sector. We look forward to working closely with the local authorities and workforce in developing sustainable environmental, work and social programs to ensure we develop the Facility in harmony with the Puna region."
"The receipt of construction permits for our Facility is a major landmark for Lithium X and our joint venture with SESA," commented Brian Paes-Braga, Chief Executive Officer "We are on the cusp of obtaining our first 5% lithium concentrate from our pilot pools on site. This is a high purity brine concentrate that could serve as feed to existing or new battery grade lithium carbonate and/or lithium hydroxide plants. We have already been approached by several end users of the expected concentrate and look forward to initiate testing with downstream partners."
Producer of potassium nitrate and iodine, Sociedad Quimica y Minera de Chile (NYSE: SQM) produces and sells specialty plant nutrients, industrial chemicals, iodine and derivatives, lithium and derivatives, potassium, and other products and services. Lithium and its derivatives are used in batteries, greases and frits for production of ceramics. Potassium chloride is a commodity fertilizer that is produced and sold by the Company across the world. Iodine and its derivatives are used in the X-ray contrast media and biocides industries, among others.
Ford Motor Company (NYSE: F) Hyundai uses a lithium-ion polymer battery pack for all Ioniq models. Each of its Ioniq models are all-electric, hybrid and plug-in hybrid, is based on a dedicated vehicle platform designed to enhance efficiency, comfort and handling. Its Blue Drive® technology gives users lower pollution and higher performance. The lithium-ion polymer is located beneath the car's rear seats, giving the car a lower center of gravity and allowing for more storage space in the back as well.
Toyota Motor Corporation (NYSE: TM) chairman, Takeshi Uchiyamada, who is known as the father of Prius and had led the development of the Toyota Prius anticipates the latest plug-in hybrid vehicles will catch on with global consumers far more swiftly compared to the original Prius. Uchiyamada expects to sell roughly a million plug-in hybrids in less than 10 years, the time it took for sales of its conventional hybrid vehicles to hit that mark. "Environmental awareness has become a bigger issue today than it was 20 years ago, and demand for environmentally conscious products has increased," announced by Uchiyamada in Japan at an event. He also mentioned that the technology for plug-ins has developed rapidly with lowered costs.
Albemarle Corporation (NYSE: ALB) is a developer, manufacturer and marketer of specialty chemicals across a range of end markets, including the petroleum refining, consumer electronics, energy storage, construction, automotive, steel and aerospace, lubricants, pharmaceuticals, crop protection, household appliances, heating, ventilation, aluminum finishing, food safety and custom chemistry services. The Company operates through the segments, including Performance Chemicals and Refining Solutions. The Company's Performance Chemicals segment consists of product categories, including Lithium, Performance Catalyst Solutions and Bromine. The Company's Lithium business develops advanced materials for a range of industries and end markets.
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