british columbia company looks to battery power for growth - battery power storage
Lithium will never inspire the gold rush mentality you see with gold.
But this soft, lightweight, relatively normal metal has a fairly strong growth in demand as it is a key component of battery technology.
Expansion of production of electric vehicles and green power storage devices (
Such as small rechargeable batteries
Installation scale of wind turbines)
This will mean an expansion of lithium demand.
A British Columbia company in this field has reached an agreement with a senior Australian company.
According to the expectation of steady growth in at least the next 10 years, lithium producers will acquire assets.
This is the story I wrote for The Sun today.
Vancouver-one of the world's top lithium producers has its future in Vancouver-
It is headquartered in junior mining company.
Talison Minerals in Australia is merging with Salares Lithium, a junior with some large properties in South America, create the world's first and only pure inventory game on metal, which is considered a key component of the development of electric vehicle batteries and other green energy applications.
Talison has been running one.
Australia's rock lithium mine has entered the Chinese market for 25 consecutive years and has a strong sales channel.
There's a few salt in Salares.
Chilean Lake properties that provide growth opportunities for Talison.
South America is one of the main sources of lithium in the world, because there are a large number of salt lakes from which lithium can be obtained
Effective extraction.
The merger will enable Talison, a private company with about 250 customers in China, to expand production and serve the market, which is expected to grow by at least 6 percentage points per year in the next decade.
The global total lithium carbonate production is about 100,000 to 150,000 tons per year, and the contract price is 5,000 to 6,500 US dollars per ton.
Applications include flux, lubricants, focal lenses and ceramics, as well as high
Performance battery.
In addition to electronic vehicles, future applications may include high
Voltage batteries for storing electricity from green sources such as wind turbines.
Peter Robinson, president of Talison, pointed out in a telephone interview that,per-cent-
Growth estimates do not take into account any growth in demand from the surge in electric vehicle manufacturing.
From Sarah's point of view, this transaction represents an estimated 98-per-
Its current trading range is around 60 cents a share of Cdn, making the combined company the only publicly traded pure lithium game in the world.
It is worth noting that on Tuesday, four days after the end of the game
Global X Management announced in New York that it is creating the world's first lithium exchange trading fund (ETF ).
"Lithium itself is not scarce, nor is it rare --
But economic deposits exist, "said Todd Hilditch, chief executive of Salares, in a telephone interview on Wednesday.
"About lithium in the world comes from salt water or salt lake.
The rest will come from hard rocks.
"Talison has been producing lithium for 25 years.
They have a very high
Low grade deposits
Almost all of Australia's cost producers and their products are shipped to China.
. . . . . . "As a listed primary product for trading at TSX venture capital, the place we fit is that we have another part of the lithium potential production story.
China is already the world's largest consumer of lithium, "Robinson said. " China is determined to grow . "
"The Chinese will do it like they will do a lot of things.
"They are determined to make electric cars work," Robinson said . ".
"If you remember that Talison currently offers two
Thirty of lithium consumed in China . . . . . . You can know what the demand growth may be, not only in difficult times
The Rock area, but also in the salt water production area;
Therefore, interest in Salares, which we believe is one of the best or best opportunities for South America to continue to grow and supply the Chinese market, which is currently almost unfulfilling.