A recent agreement between Korea and the United States indicates that the two countries will collaboratively develop research in areas including green transportation, smart grid technology, energy efficiency, renewable energy, and energy storage systems.
In a recent global consumer survey, global consumer segmentation for electric vehicles indicates “potential first mover” or “willing to consider” interest to be over 85 percent in the emergent markets of Brazil, India and China.
Lithium producers, lithium battery manufacturers and the broader lithium investment community received some interesting news on Tuesday, as the Department of Energy (DOE) disclosed the results of a major review of research spending.
Senior government officials and ministers have announced an agreement to commit to increasing the energy efficiency of transportation, including the promotion for electric vehicles, lithium batteries, biofuels and natural gas vehicles minimizing oil demand for transport.
The market has demonstrated strong confidence in the project since the latest press release sending the share prices up over 11 percent from $1.24 to just above the $1.40 range at which it is currently trading. The performance is particularly notable considering the downside pressure reflected in the weighted average Byron Capital Markets Lithium average which has seen depreciation close to 9 percent over the same time frame.
The catastrophic news of a large earthquake in central and south Chile on the morning of February 27, did not have any demonstrative impact on the lithium industry. The week has actually resulted in a number of positive developments for both lithium consumers and producers.
As car companies ramp up production of hybrid electric vehicles, lithium-ion batteries are a top option. The increased demand could turn out to be a nice boon to lithium miners.
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