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.
A report from Pike Research indicates China will be firmly positioned as the leading market for electric vehicles in the Asia Pacific region within the next 4 years. For lithium industry stakeholders and observers the bullish report suggests that the growing Chinese market will contribute to almost 50 percent of the territory’s aggregate sales.
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.
Several important developments in the lithium battery industry have turned a focus towards China as the country continues its quest to maximize exposure to lithium technology and bypass the west’s historical dominance of internal combustion technology.
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 Mainichi Daily News reported that South Korea increased its market share of shipments of lithium batteries.
Canada is demonstrating a commitment to the lithium industry by creating the framework for programs that support electric vehicle initiatives with further support for the potential of recycling of lithium ion batteries.
Strategic initiatives by governments to stockpile “technology metals” or impose policies to limit export quotas on materials which are labeled “rare” indicate the classification of resources is worth considering for investors and industry stakeholders, since it will obviously have broader impacts on global supply and demand dynamics.
Motley Fool reports that lithium-ion battery-makers like Polypore (NYSE:PPO) may just be the next big investment.
For lithium investors the strong focus of technological innovations, including the latest in electric hybrids, pure electric solutions and hydrogen-powered models have already made the event a success as a showcase of both advanced concept models in addition to a more immediate term, and practical product display.
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