Developments in the Lithium-Ion Battery Market

NEW YORK, April 12, 2017 /PRNewswire/ —

A new report by MarketsandMarkets predicts that the lithium-ion battery market is to be valued at USD 68.97 billion by 2022, or growing at a CAGR of 16.6% between 2016 and 2022. The growth of this market is driven primarily by the increase in demand for electric vehicles, strict government mandates on fuel economy, growing demand for smart devices, other consumer electronics, and innovations focused on improvement of lithium-ion batteries. The consumer electronics industry is expected to dominate the market during the forecast period, and the market for the automotive industry is expected to grow at the highest rate. Millennial Lithium Corp. (OTC: MLNLF) (TSX-V: ML.V), Orocobre Ltd. (OTC: OROCF), FMC Corp. (NYSE: FMC), Sociedad Quimica y Minera de Chile (NYSE: SQM), Arotech Corporation (NASDAQ: ARTX)

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.

Millennial Lithium Corp. (OTCQB: MLNLF) (TSX-V: ML.V) earlier today announced that it is pleased to report favorable results from a geophysical survey at the Company’s Cauchari East Project in the Cauchari-Olaroz basin of Jujuy Province, Argentina. Interpretation of the results, show continuity of known lithium-bearing brine aquifers into and likely throughout Millennial’s property. The 100% owned Cauchari East Project covers an area of 2,990 hectares on the eastern side of the Cauchari-Olaroz Salar, adjacent to the Orocobre/Advantage Cauchari Project and the Lithium Americas/SQM advanced-stage Cauchari-Olaroz Project.

In March, 2017 Millennial’s Argentine subsidiary, Proyecto Pastos Grandes S.A. engaged Tecnología y Recursos (TyR), a Salta-based geophysics consulting group to conduct a Vertical Electrical Sounding (VES) survey for the Cauchari East property. A total of ten stations were measured in this campaign. The work identified a sharp contrast between high resistivity upper zones and low resistivity (conductive) lower zones. Low electrical resistivity in this type of survey can be indicative of brine-bearing sediments. Technical reports from adjacent properties controlled by Lithium America’s Corp., have also demonstrated that the brine-bearing aquifer is related to a low resistivity horizon and it is interpreted that the lower zone is likely the continuation of the known brine-bearing aquifers of the Olaroz and Cauchari basins.

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 Iain Scarr, Chief Operation Officer.

Orocobre Ltd. (OTC: OROCF) recently announced that further to its releases of November 23, 2016 the Company has completed the sale of a suite of exploration assets to Advantage Lithium Corp. The completion of the sale follows the successful closing of a CAD20 million capital raising via subscription receipts undertaken by Advantage Lithium and the satisfaction of all other conditions in the transaction documentation. These funds have now been released, leaving Advantage Lithium well funded with approximately CAD23 million.

FMC Corp. (NYSE: FMC) is a diversified chemical company serving agricultural, consumer and industrial markets. The Company operates in three business segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium. According to the company, “Our lithium was in the first rechargeable battery. Today our products help batteries run stronger and last longer, with fewer charges. Everyday we search for ways to make batteries better to meet our world’s growing demand for tablets, phones, power tools, EV cars, even power plants.” 

Sociedad Quimica y Minera de Chile (NYSE: SQM) is an integrated producer and distributor of specialty plant nutrients, iodine, lithium, potassium-related fertilizers and industrial chemicals. Its products are based on the development of high quality natural resources that allow the Company to be a leader in costs, supported by a specialized international network with sales in over 110 countries. Earlier in 2016 the company announced that it will increase its lithium hydroxide capacity in Chile from 6,000 metric tons per year to 13,500 metric tons per year. At its current facility near Antofagasta, SQM plans to increase efficiencies bringing the current plant capacity from 6,000 metric tons per year to 6,500 metric tons per year. Additionally, SQM will construct a new plant with a capacity of 7,000 metric tons per year.

Arotech Corporation (NASDAQ: ARTX) is a defense and security products and services company, engaged in providing interactive simulation for military, law enforcement and commercial markets, and batteries and charging systems for the military, commercial and medical markets. The Company operates through two segments: Training and Simulation Division, and Power Systems Division. For the Power Systems Division the company develops and sells rechargeable and primary lithium batteries, and smart chargers to the military and to private defense industry in the Middle East, Europe and Asia, as well as water-activated lifejacket lights (WABs) for commercial aviation and marine applications, through our subsidiary Epsilor-Electric Fuel.

Please Sign Up Now at http://www.FinancialBuzz.com To Receive Alerts on Trending Financial News from all these companies. ‘The Latest Buzz in Financial News’

Subscribe Now! Watch us report from NYSE https://www.youtube.com/FinancialBuzzMedia

Follow us on Twitter for real time Financial News Updates: https://twitter.com/financialbuzz

Follow and talk to us on Instagram: https://www.instagram.com/financialbuzz

Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz/

About FinancialBuzz.com

FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially-driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR dissemination, branding, marketing and advertising for third parties for corporate news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.

Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the “Site”) is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. Financialbuzz.com has not been compensated directly by any of the companies mentioned here in this editorial. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer any personal opinions or bias commentary as we purely incorporate public market information along with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For this release, Financialbuzz.com has been compensated three thousand five hundred dollars for financial news pr services by a non-affiliated third party for millennial lithium corp. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or cash payments for financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the editorial or Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on this editorial or Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this editorial and website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use. Please visit: http://www.financialbuzz.com.

For further information:
Media Contact
info@financialbuzz.com
+1-877-601-1879

http://www.FinancialBuzz.com

SOURCE FinancialBuzz.com