A new report by MarketsandMarkets predicts that the lithium-ion battery market is to be valued at
The report indicates that there are several important benefits lithium-ion batteries provide. Lithium-ion batteries are a preferred choice for consumer electronic products as a portable power source because of the features of high energy density and less recharge time. There is a wide range of applications that can be powered by these batteries, including DVD players, portable CD players, digital cameras, smartphones, camcorders, wearable devices, power banks, toys, Bluetooth, GPS, tablets, smartphones and others. The implementation of lithium-ion batteries in automotive sector for plug-in hybrid electric vehicles (PHEV) and battery electric vehicles (BEV) helps to improve the efficiency and reduce the maintenance cost of the vehicle.
In March, 2017 Millennial’s Argentine subsidiary,
Measurements from the VES stations demonstrate good potential for continuous lithium brine mineralization. The north-south profile, measured in the northernmost property block identifies a continuous 72-105 meter-thick conductive layer extending from productive aquifers of the present-day Olaroz salar. As that layer extends into the southern portion of the project, it thickens beyond the capacity to detect the lower resistive zone. An east-west profile in the southern block further supports continuity with the Cauchari basin aquifers. The same east-west profile shows what appears to be a structurally confined sub-basin that contains the deep conductive zone continuous with the north-south profile. Permitting for the upcoming drill program is now underway. The required public consultations and Jujuy Government approvals are anticipated to be completed in the second quarter of 2017.
“The results of the Cauchari East geophysics survey affirm lithium brine-bearing aquifers beneath the present day Cauchari-Olaroz salars are related to an older, larger salar footprint. From the data we conclude that the aquifers extend beneath more recent alluvial cover. These results clearly justify an investment in a drill program at Cauchari East,” said
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