Continued Growth of Li-Ion Battery Market Has Subsequently Led to Continued Demand for Lithium

Continued growth of li-ion battery market has subsequently led to continued demand for lithium.

The evolution of the automotive industry over the past few years, coupled with technological advances will have a massive impact on the EV market.

EVs are designed to replace conventional travelling ways owing to advancement in technology, low carbon emission, low maintenance, smoother drive, convenience of charging at home, reduced engine sound, and high fuel economy.

EVs help reduce air pollution in densely populated areas and GHG emissions. Rise in demand for high performance, low emission, and fuel efficient vehicles, coupled with strict government norms toward vehicle emission, shall aid in electric vehicle market growth.

Batteries are crucial for hybrid electric vehicles (HEVs), all-electric vehicles (EVs), and plug-in hybrid electric vehicles (PHEVs). EVs using Li batteries could considerably reduce the emissions associated with road vehicle transport.

Most of the manufacturers are integrating LIB in electric vehicles. Advances in batteries have created a huge demand for lithium hydroxide market, which is expected to witness highest CAGR during the coming years.

A report from Fortune Business Insights projected that the global lithium market size is projected to reach USD 6.62 billion in 2028 at a CAGR of 8.1% during the 2021-2028 period. It said that the growth of the Li-Ion battery market has led to a rise in the product demand that will continue through the decade.

Active mining stocks in the markets this week include: Lithium South Development Corporation (OTCQB: LISMF) (TSX-V: LIS), Lithium Americas Corp. (NYSE: LAC) (TSX: LAC), Livent Corporation (NYSE: LTHM), Standard Lithium Ltd. (NYSE: SLI) (TSXV: SLI), Piedmont Lithium (NASDAQ: PLL).

Fortune Business said:

Rapid advancements in the rechargeable batteries for laptops, mobile phones, electric vehicles, and digital cameras, driven by the growth in the Li-ion battery market globally shall fuel the product demand.

“Rising demand for batteries, lubricants, glass & ceramics, foundry and others is expected to foster the growth of the market. The growing adoption of hybrid and electric vehicles, high drain portable electronics, and energy storage systems has had a huge impact on the growth of the overall market.”

“The rise in adoption of electrics vehicle is attributable to the growing concerns surrounding environmental pollution as EVs reduces carbon emission. Government in several countries across the world are implementing strict emission standards to reduce and control carbon emissions, thus augmenting the market growth.”

“The market in North America is likely to rise at a considerable pace during the forecast period. The increasing adoption of cleaner energy sources due to stringent regulatory rules is surging the regional growth.”

“The Environmental Protection Agency (EPA) has various schemes and funding programs that support the usage of green and sustainable source of energy like solar, wind, geothermal and others. The increasing adoption of solar panels has created a substantial demand for cells and batteries to store the energy.”

Lithium South Development Corporation (OTCQB: LISMF) (TSX-V: LIS), BREAKING NEWS: Lithium South Development Corporation Reports Two Wells Return High Grade Lithium Results – Lithium South Development Corporation (the “Company”) provide results from the ongoing drill campaign at the Hombre Muerto North Lithium Project (HMN Li Project) in Salta Province, Argentina.

The Company is reporting results from two completed wells. Two rigs are operating on site, and the program has been expanded to include an additional hole for a total of four core wells.

The current exploration is located within the Alba Sabrina claim block. The claim block is comprised of 2,089 hectares and is the largest of the 3,287 hectare salar located claim package. The newly revised drill plan (see enclosed map) has four holes located north to south, identified as AS01 ( completed ) , AS02 (completed ) , AS03 ( completed ) and AS04 now drilling, , along a six-kilometer section.

Results have now been received from Alex Stewart Laboratories of Mendoza, Argentina, an ISO Certified laboratory. Hole AS01 was completed to 299 m depth. Seven double packer samples were acquired using industry best practices, and under the supervision of Dr. Mark King, a Qualified Person under NI 43-101.

Lithium results range from 693 mg/L to 744 mg/L, for a hole average of 722 mg/L lithium. The zone of interest from the interpreted lithology is determined to exceed 240 m.

South of hole AS01, hole AS03 has been completed to a depth of 216 m. Five double packer samples were acquired. Thus far, the Company has received two results of the five samples acquired. One returned 749 mg/L Li and one returned 752 mg/L Li. The zone of interest from the interpreted lithology is determined to exceed 140 m.

All completed holes have encountered zones of potentially significant porosity that include fine to medium grained sands and porous breccia. Porosity testing will be completed at Daniel B. Stevens Laboratory located in Albuquerque, U.S.A.

Hole AS04 was the first hole completed with results announced August 10, 2022. The overall average of the three wells sampled to date is 734 mg/L Li.

Site preparation work is underway to locate four control wells to the west of the current drilling, to define the west boundary of the salar. In addition, Hole AS02 will be located between AS01 and AS03, for in-filling in the high-grade zone.

Adrian F.C. Hobkirk, Company President and Chief Executive Officer is quoted:

We are very encouraged with the exceptional results from the drilling completed to date.

“We are making excellent progress towards expanding the total resource at the Hombre Muerto North Lithium Project ” CONTINUED…. Read this release for the Lithium South news at: https://www.financialnewsmedia.com/news-lis/   

Other recent mining developments in the markets include:

Piedmont Lithium (NASDAQ: PLL), a leading global developer of lithium resources critical to the U.S. electric vehicle (“EV”) supply chain, recently announced that Atlantic Lithium has completed infill and exploration drilling for their flagship Ewoyaa project in Ghana.

The assay results confirm high-grade mineralization, providing further confidence in resource conversion and possible mine life extension.

Piedmont is earning a 50% interest in Atlantic Lithium’s spodumene projects in Ghana. This agreement includes an offtake agreement for 50% of annual production at market prices on a life-of-mine basis. Piedmont also owns a 9.4% equity interest in Atlantic Lithium.

Keith Phillips, Piedmont President and Chief Executive Officer commented:

The drill results at Ewoyaa continue to be very impressive with high lithium grades over broad widths and near surface.

“We are working closely with our partners at Atlantic Lithium to publish a definitive feasibility study for the Ewoyaa project in the first half of 2023, and these final drill results are expected to lead to an extended mine life and even stronger economics for this world-class project.”

“When fully operational, the Ewoyaa project will be a primary supplier of spodumene concentrate for lithium hydroxide conversion in Tennessee, and it is promising to see both projects progressing so favorably.”

Livent Corporation (NYSE: LTHM) recently announced it will release its third quarter 2022 earnings on Tuesday, November 1, 2022, after stock market close via PR Newswire and the company’s website at: http://www.livent.com.

The company will subsequently host a webcast conference call on Tuesday, November 1, 2022, at 4:30 p.m. ET that is open to the public via Internet broadcast and conference call.

Internet broadcast: http://www.livent.com.

Continued Growth of Li-Ion Battery Market Has Subsequently Led to Continued Demand for Lithium, PALM BEACH, Fla., November 1, 2022