NEW YORK, January 17, 2017 /PRNewswire/ --
Advancement in battery technology have resulted in an unexpected surge in demand for lithium. Lithium-ion batteries are rechargeable batteries with high energy density. Now, these batteries have various advantages over other energy sources, such as higher efficiency and longer lifetime comparing to other batteries. Thanks to these improvements, the batteries are in demand to be used in a wider range of applications, like in the automotive sector. According to a research report by Allied Market Research, the Global Lithium-Ion Battery Market size is expected reach $46.21 billion by 2022, with a CAGR of 10.8% during the forecast period 2016-2022. LiCo Energy Metals Inc. (OTC: WCTXF) (TSX-V: LIC.V), Panasonic Corporation (OTC: PCRFY), Lithium X Energy Corporation (OTC: LIXXF), China BAK Battery (NASDAQ: CBAK), Lithium Americas Corporation (OTC: LACDF)
The research indicates that the market for Lithium-ion batteries is expected to significantly grow due to increasing use in smartphones, tablets/PCs, digital cameras, and power tools. In addition, the demand for Li-ion batteries in the automobile industry is expected to increase with the growing popularity of electric vehicles. Naturally, suppliers of lithium have benefited from the demand for lithium-ion batteries.
LiCo Energy Metals Inc. (OTCQB: WCTXF) (TSX-V: LIC.V) is a Canadian company focused on exploration for high value metals integral to the manufacture of lithium ion batteries. The company earlier today announced that, "Company's COO, Mr.Tim Fernback, and Mr.J. Malcolm Bell, of the Advisory Board, are onsite, in Chile, organizing a comprehensive brine sampling program on the recently announced Purickuta Lithium Project located in the Salar de Atacama, the world's largest and purest active source of lithium.
The program consists of excavating, by backhoe, a series of pits on a grid pattern 400m by 400m across the property. These one-meter-deep pits will be used to gather one liter samples of brine that will be bottled and sent for analysis at a recognized Chilean laboratory that specializes in lithium analysis. The survey is being supervised by Eduardo Alvarez, senior geologist, QP. Results from this survey will help to establish locations for a Phase One drilling, flow testing, hydrological evaluation and preliminary resource assessment.
About the Purickuta Project: https://licoenergymetals.com/purickuta/ The Purickuta Project consist of 160 hectares and is one of a few "exploitation concessions" granted within the Salar de Atacama, home to approximately 37% of the worlds Lithium production. The property is contained within an existing exploitation concession owned by Sociedad Quimica y Minera ("SQM"), and lies approximately 3 km north of the exploitation concession of CORFO (the Chilean Economic Development Agency). About 22 km south-east from the Purickuta Concession, both SQM and Albemarle Corp. have large-scale production facilities within the CORFO concession mentioned above. These two facilities collectively produce over 62,000 tonnes of Lithium Carbonate Equivalent annually and account for 100% of Chile's current lithium output."
Panasonic Corporation (OTC: PCRFY) has teamed up with entertainment company, Disney, as an official technology partner. In an announcement made during the Consumer Electronics Show, the move was attributed to the need to offer customers an improved entertainment experience. "Panasonic is delighted to work with Walt Disney World Resort and Disneyland Resort in exploring new ways in which its high-performance projectors may be used to support the Disney storytelling…" said President of Panasonic AVC Networks, Yasuji Enokido. Panasonic Corporation is engaged in the development of diverse electronics technologies and solutions. The Company operates through five segments: Appliances, Eco Solutions, AVC Networks, Automotive & Industrial Systems, and Other. The Appliances segment is engaged in the development, manufacture and sale of consumer electronics, air-conditioners, cold chain and devices.
Lithium X Energy Corporation (OTCQX: LIXXF) locates and develops lithium assets with the objective of providing the growing demand from global battery companies such as Panasonic, AESC, LG, BYD, and utility companies in the near future. Lithium X is a lithium resource explorer and developer with a focus on becoming a low-cost supplier for the burgeoning lithium battery industry. Its Sal de los Angeles project is situated in the prolific "Lithium Triangle" in Salta Province, Argentina. Lithium X also has the largest land package in Clayton Valley, Nevada covering over 15,040 acres between its Clayton Valley North project and Clayton Valley South extension.
China BAK Battery (NASDAQ: CBAK) and its subsidiaries engages in the manufacture, commercialization and distribution of various standard and customized lithium ion (Li-ion) high power rechargeable batteries. The Company's products are sold to packing plants for use in mobile phones and other electronic devices. The Company produces Li-ion products for use in cellular telephones, as well as various other portable electronic applications, including high-power handset telephones, laptop computers, power tools, digital cameras, video camcorders, moving picture experts group layer-3 audio players, electric bicycles, hybrid/electric vehicles and general industrial applications. It manufactures over five types of Li-ion rechargeable batteries, such as aluminum-case cell, cylindrical cell, lithium polymer cell and high-power lithium battery cell. Its customers include electric vehicle manufacturers, electric bicycle manufacturers and battery pack manufacturers.
Lithium Americas Corporation (OTCQX: LACDF) is a resource company that is engaged in the acquisition and development of mineral properties in the state of Nevada. The company primarily holds interests in the Cauchari-Olaroz Project located in Jujuy province of Argentina and the Kings Valley Project located in northwestern Nevada. The company strives to provide the enabling chemicals for better energy solutions through its Lithium and Hectatone organoclay businesses.
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