The future market for lithium battery technology in the United States is being driven by clean air programs geared at reducing emissions to achieve climate goals.
Li3 Energy, Inc. entered an exclusive agreement to apply a patented technology to enhance recovery and efficient production of lithium.
The large manufacturing facility referred to as Liotech is expected to produce up to 500,000 lithium batteries per year. The the expectation is for the plant to produce lithium batteries to supply electric vehicles and larger bus batteries, in addition to a variety of energy storage applications, and emergency power supplies.
In addition to concept cars and future possibilities, the North American International Auto Show has already resulted in a strategic allegiance with Korea-based SK Innovation and Continental Corporation signing a pioneering partnership with which both companies will develop, manufacture and distribute lithium battery systems for automotive applications.
With international trade related indicators, such as export orders and container shipping rates, pointing towards weaker global trade growth, the lithium market outlook may face some challenges. However, a case can also be made that in the absence of last year’s unpredictable natural events a more positive business and overall investment climate may return for lithium producers and juniors.
By showing a commitment to clean energy initiatives, governments around the world are opening the doors for lithium producers to take advantage new demand in commercialized electric vehicle and lithium battery technologies.
An energy report released by oil and gas giant ExxonMobil offers key points for lithium investors including the implication that the single largest influence on energy trends is expected to be a rising demand for electricity, with forecasted global demand to increase by 80 percent over the next 30 years.
Despite a challenging year, some new lithium battery technological developments may be paving a new brighter future for electric vehicles and growth of the broader lithium industry.
A new detailed report issues a compelling message for policy makers that it is essential for a widespread shift of direct fuel transportation application to electricity in order to achieve green house gas reduction targets.
A commercial partnership between Daimler AG and BYD Company Limited expects to unveil a future electric vehicle concept during an autoshow in Beijing next April.
Thursday, February 2, 2012