Lithium-based mining companies are increasing because demand for Lithium-Ion batteries for EVs continues to increase. | Rare Techy
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PALM BEACH, Fla., November 2, 2022 /PRNewswire/ — One thing that all experts agree on is that the demand for lithium will continue to increase in the coming years. A recent report by Fairfield Market Research predicts how the increased use of lithium in batteries, steel, petroleum, and aluminum products will provide a profitable opportunity for the global lithium mining market in forecast period. The global lithium mining market took off US$829.73 Mn in 2019 and hopefully it will US$ 1,630.30 Mn in 2025, registering a CAGR of 26.3% from 2020 to 2025. Another research firm, Emergen Research reported that the increasing use of lithium-ion batteries in grid storage is a major factor driving the growth of the lithium mining market. They added: “The battery segment will be the largest revenue segment in 2021. The increasing popularity of Lithium-ion batteries is expected to drive the growth of this segment. In comparison compared to acid-acid and other lithium batteries, lithium iron phosphate batteries provide many advantages, such as better discharge and cost efficiency, longer life, and ability to deep cycle while maintaining power. need to be maintained, to ensure long-term reliability. Compared to lead-acid batteries, lithium batteries can last up to ten times longer, even after 2,000 cycles, but they still retain 80% of their original capacity. Most lithium-ion batteries last at least five years, but in most cases, they only last lead acid batteries for two years.” The strongest companies in the mining industry this week are Scotch Creek Ventures Inc. (OTCPK: SCVFF) (CSE: SCV), Albemarle Corporation (NYSE: ALB), Lithium Americas Corp. (NYSE: LAC) (TSX: LAC), Surge Battery Metals Inc. (OTCPK: NILIF) (TSX-V: NILI), American Lithium Corp. (OTCQB: LIACF) (TSX-V: LI).
The Fairfield The report also stated: “Demand for lithium is driven by thermal conductivity, high performance standards, and the unique optical properties it offers. Its properties make it ideal for renewable energy applications such as safety equipment, submarines and miners, and spacecraft to remove carbon. Lithium is used in air conditioning, heating and cooling. Hospitals, shopping malls, and other buildings Organizations often prepare integrated solutions for air conditioning, which should lead to strong demand for lithium. Therefore, the increase in demand for lithium-ion batteries in cars and other end-user industries. demand for lithium is expected to increase the global lithium mining market in the coming years. to opt for these vehicles to improve travel by taking responsibility for climate change By 2030, EV sales are expected to double. By 2025, these vehicles will displace electric vehicles. increase by 10%, it will provide a great opportunity for lithium mining operations to prove their performance.”
Scotch Creek Ventures Inc. (OTCPK: SCVFF) (CSE: SCV) BREAKING NEWS: Scotch Creek Begins First Phase Drilling at Highlands West Lithium Project, North America’s Only Mining License Issuer – Scotch Creek Ventures Inc. (FSE: 7S2) (www.scotch-creek.com (the “Company”) (“Scotch Creek” or the “Company”), is pleased to announce the commencement of the Phase I disclosure program on the 100% Highlands West Lithium Project (“Highlands”).
The Highlands project is adjacent to Albemarle’s Silver Peak lithium mine, North America’s only active lithium producer. Recent good geological results from seismic, seismic, and Hybrid-Source Audio-Magnetotellurics (HSAMT) surveys have revealed key subsurface features in the central Highlands. , the company later decided to expand the Highlands claims by an additional 400 acres. and designing the first phase trial program.
The cumulative results of a comprehensive geological survey carried out in the Highlands reveal a subsurface that contains layer-fill units. These sedimentary rocks are mainly composed of claystone, mudstone and volcaniclastic beds accumulated in a series of faulted basins below the property.
“We are very pleased to begin the first training program for our Highlands lithium project,” said Mr. David Ryan, Scotch Creek CEO “This is the first exploratory project in the west part of Clayton Valley. The exploratory objectives are to drill a large wide core, through a series of fine layers of basin fill stratigraphy, as found in our previously collected seismic data. The core has been collected. then groundwater samples will be taken and analyzed in hopes of finding a large lithium deposit.” STILL… Read this and more about Scotch Creek Ventures at: https://www.financialnewsmedia.com/scv-news
In other developments in the mining markets:
Albemarle Corporation (NYSE: ALB) recently announced that its subsidiary, Albemarle Lithium UK Limited, has completed the acquisition of Guangxi Tianyuan New Energy Materials Co., Ltd. (“Tianyuan”) for $200 million. It announced in September 2021 a definitive agreement to receive all the real money from Tianyuan shareholders.
Located near Qinzhou Port in Guangxi, Tianyuan’s operations include a lithium conversion plant with an annual conversion capacity designed to handle up to 25,000 metric tons LCE and can produce lithium carbonate and lithium hydroxide.
Lithium Americas Corp. (NYSE: LAC) (TSX: LAC) recently announced that it has entered into a Strategic Partnership Agreement (“Cooperation Agreement“) and Green Technology Metals Ltd. (ASX:GT1) (“GT1“) to advance the common goal of developing an internal lithium chemical supply chain North America.
The main ones are: The Joint Venture Agreement was entered into with GT1, a North American lithium exploration and development company with hard rock spodumene resources in the Northwest. Ontario, Canada; It builds on Lithium Americas’ previous strategic equity investment in GT1 of US$10 million and collaborative framework; It provides special rights to work cooperatively between the two parties; and establishing a Strategic Steering Committee for joint exploration and development opportunities and focus on them Canada and the US
“As we prepare to begin construction at Thacker Pass, we see an opportunity to further strengthen our efforts to develop a North American lithium supply chain,” it said. Jonathan Evans, President and CEO of Lithium Americas. “After the passage of the Emissions Reduction Act (“IRA“) by the United States Congress, we are increasingly partner and customer focused North America.”
Jonathan Evansadded, “Partnering with GT1 will allow us to leverage our US-focused chemistry team and GT1’s extensive experience in solid rock exploration and development.”
Surge Battery Metals Inc. (OTCPK: NILIF) (TSXV: NILI) It recently announced an expansion of its holdings as well as an update on exploration progress this summer for its 100% owned Nevada North Lithium Project (NNLP), Elko County, Nevada.
Prior to the start of the eight-hole back-to-back training program (see Press Release on 19th October 2022), activities this summer include the expansion of the soil grid and the collection of another 472 sites in addition to the previously announced 1,026 sample project (see News Release 14th September 2022). The new grid was designed to test for anomalous lithium exposures in soil currents to the south, southeast and north of the previous grid. Samples were collected above 100m space on space lines to each other 100m or 200m period. Samples were sent to the ALS Global sample preparation laboratory i Elko, Nevada and a compilation of these results will be announced in an upcoming newsletter.
American Lithium Corp. (OTCQB: LIACF) (TSX-V: LI) recently announced that it has begun an Environmental Impact Assessment (“EIA”) drilling project (designed by SRK Peru and EDASI SAC) at its fully owned Falchani lithium project in Peru to the south.
The Company also announced that it has joined DRA Global and Stantec Inc. to jointly produce a new Preliminary Economic Assessment (“PEA”) for Falcani. The updated PEA will focus on the introduction of Sulphate of Potash (“SOP”) and Cesium (“Cs”) by-products, the increase in the supply of lithium carbonate (“LCE”) and products of the current excavation.
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