Nov. 10, 2021, 9:18 a.m. EST

Lithium-Ion Battery Costs Decline While Global Lithium Market Demand Explodes

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Nov 10, 2021 (Financial News Media via COMTEX) -- Palm Beach, FL - November 10, 2021 – FinancialNewsMedia.com News Commentary – The global lithium market is expected to grow in future due to decreasing lithium-ion battery costs, growth in energy storage system, growth in electric vehicles market. Lithium is an alkali metal that is soft, silvery, highly reactive and is used as a heat transfer medium in thermonuclear weapons, batteries, lubricants, various alloys, ceramics, and optical glass. The market was negatively impacted by COVID-19 in 2020. Considering the pandemic scenario, electronic vehicle (EV) and device manufacturing units were on temporary shutdown, which led to a decrease in the consumption of lithium batteries and lithium during the lockdown. However, as the lockdowns were lifted, the EV segment had picked up the pace to meet the target emission standards set by many countries, which may enhance the demand for lithium batteries, and thus, this will stimulate the demand for lithium in the coming years. A report from Market Reports World said that the global Lithium market was valued at US$ 3877.7 in 2020 and will reach US$ 6187.8 million by the end of 2027, growing at a CAGR of 8.1% during 2022-2027. A separate reportfrom Mordor Intelligence added: "The lithium market size was estimated at 280 kiloton in 2020, and the market is projected to register a CAGR of over 10% during the forecast period (2021-2026). Over the short term, accelerating demand for electric vehicles, increasing usage and demand for lithium-ion batteries by portable consumer electronics, and growing demand for lithium from the glass-making industry to enhance glass melt rate and to lower the viscosity of glass are expected to drive the market's growth in the forecast period." Active mining stocks in the markets this week include: ACME Lithium Inc. (otcqb:ACLHF) /zigman2/quotes/226458067/delayed CA:ACME -6.38% , Albemarle Corporation /zigman2/quotes/200578017/composite ALB -0.39% , Standard Lithium Ltd. /zigman2/quotes/208666348/composite SLI -4.39% /zigman2/quotes/204508773/delayed CA:SLI -5.65% , Lithium Americas Corp. /zigman2/quotes/206933779/composite LAC +2.11% /zigman2/quotes/202884031/delayed CA:LAC +2.31% , Millennial Lithium Corp. (otcqb:MLNLF) /zigman2/quotes/209453479/delayed CA:ML +2.02% .

Mordor Intelligence continued: "Electric vehicles have been increasingly used in most developed economies and are fast replacing traditional vehicles. Lithium batteries can be categorized into two segments, namely, disposable and rechargeable. Disposable lithium batteries use lithium in the metallic form as an anode, and these batteries have a long life (high charge density) compared to other standard batteries. Lithium is used in high-energy-density, rechargeable lithium-ion batteries, which power the batteries in full-electric, plug-in hybrid, and hybrid vehicles (EVs, PEV, and HEVs), respectively. Due to the growth in EV technology, as well as concerns over increased CO2 pollution from combustion engines and rising fuel costs, lithium has been put into widespread use in EV batteries."

ACME Lithium Inc. (otcqb:ACLHF) /zigman2/quotes/226458067/delayed CA:ACME -6.38% BREAKING NEWS: ACME Lithium Prepares for Drill Program Identifying Multiple Targets After Completing Phase 2 Geophysics Survey at Clayton Valley Lithium Project – ACME Lithium Inc. (the “Company”, or "ACME") is pleased to report that it has received positive results for potential lithium-brine from Hasbrouck Geophysics after the Company completed its Phase 2 Hybrid Source Audio-Magnetotellurics (HSAMT) survey at ACME's Clayton Valley Lithium Project. The results of the previous gravity and recent HSAMT surveys have prioritized key drill locations to test for lithium concentrations within groundwater brines.

ACME's project is contiguous to Albemarle's Silver Peak lithium resource and production facility. Lithium source material and transport mechanisms for ACME's CC, CCP, JR and SX claims are present and could be similar to those that have supplied Clayton Valley lithium-bearing brines and may be conducive to increased lithium-bearing brine concentrations.

Key Highlights of the Hasbrouck Report Include:

  • Based on low resistivity values, multiple areas and zones are interpreted to correlate to lithium-brine occurrences in saline rich aquifers or brine saturated pebble gravel.

  • The geophysics program consisted of 50 separate HSAMT readings over seven lines covering approximately 9.5 kilometers.

  • Three exploratory bore holes are recommended to investigate these anomalies in a large target area of lithium brine potential up to 600 meters.

  • Prior borehole sampling close to and east of the claims has found lithium-brine present from 85 meters to the total borehole depth of 370 meters with higher concentrations within pebble gravel. It is unknown if the pebble gravel continues beyond the total depth drilled at the borehole.

  • Zones with resistivities less than a 2.5 ohm-meters cut-off, that are interpreted to correlate to zones with increased salinities and/or possible lithium-brine occurrence, are present primarily in the east and southeast portions of the claims area and cover a larger area from near the surface to around 340 meters below ground surface. Zones with those resistivities are still present to approximately 740 meters although areal coverage decreases beyond about 340 meters.

  • A small area with resistivities less than about 2.5 ohm-meters is present near the north-central portion of the claims area at depths greater than about 360 meters and extending to approximately 600 meters.

ACME is in the process of securing its drilling contractor, additional technical advisors as well as permits required for a targeted Q1 2022 drill program and will provide further updates as new information comes available.

ACME underscores the brine potential of its claims and based on results, will evaluate processing Lithium Hydroxides utilizing the latest DLE (Direct Lithium Extraction) methodologies, one of which Pure Energy Minerals and strategic investment partner Schlumberger with Panasonic are implementing in Clayton Valley a few miles south of ACME's project. CONTINUED....Read this release for the ACME Lithium news at: https://acmelithium.com/news/

Other recent mining developments in the markets include:

Albemarle Corporation /zigman2/quotes/200578017/composite ALB -0.39% recently announced its results for the third quarter ended September 30, 2021.

“Despite supply chain challenges and increased raw material costs last quarter, we continued to deliver solid revenue and adjusted EBITDA growth,” said Albemarle CEO Kent Masters. “In October, we achieved first lithium carbonate production at our new La Negra III/IV conversion facility. We are making investments to add significant conversion capacity in China, initially targeting up to 150,000 metric tons of lithium hydroxide per year which will provide high-return growth opportunities aligned with the increasing demand from our customers.”

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CA : Canadian Securities Exchange
$ 0.88
-0.06 -6.38%
Volume: 0.00
Jan. 24, 2022 3:59p
P/E Ratio
65.19
Dividend Yield
N/A
Market Cap
$31.90 million
Rev. per Employee
N/A
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/zigman2/quotes/200578017/composite
US : U.S.: NYSE
$ 211.92
-0.83 -0.39%
Volume: 1.99M
Jan. 24, 2022 4:00p
P/E Ratio
112.10
Dividend Yield
0.74%
Market Cap
$24.79 billion
Rev. per Employee
$561,508
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/zigman2/quotes/208666348/composite
US : U.S.: NYSE American
$ 6.10
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Volume: 3.00M
Jan. 24, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1.05 billion
Rev. per Employee
N/A
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CA : Canada: TSX Venture
$ 7.68
-0.46 -5.65%
Volume: 0.00
Jan. 24, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1.31 billion
Rev. per Employee
N/A
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/zigman2/quotes/206933779/composite
US : U.S.: NYSE
$ 25.59
+0.53 +2.11%
Volume: 6.33M
Jan. 24, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$3.03 billion
Rev. per Employee
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/zigman2/quotes/202884031/delayed
CA : Canada: Toronto
$ 32.29
+0.73 +2.31%
Volume: 1.36M
Jan. 24, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$3.79 billion
Rev. per Employee
N/A
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/zigman2/quotes/209453479/delayed
CA : Canada: TSX Venture
$ 4.04
+0.08 +2.02%
Volume: 0.00
Jan. 24, 2022 3:59p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$387.53 million
Rev. per Employee
N/A
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/zigman2/quotes/226458067/delayed
CA : Canadian Securities Exchange
$ 0.88
-0.06 -6.38%
Volume: 0.00
Jan. 24, 2022 3:59p
P/E Ratio
65.19
Dividend Yield
N/A
Market Cap
$31.90 million
Rev. per Employee
N/A
loading...
/zigman2/quotes/200578017/composite
US : U.S.: NYSE
$ 211.92
-0.83 -0.39%
Volume: 1.99M
Jan. 24, 2022 4:00p
P/E Ratio
112.10
Dividend Yield
0.74%
Market Cap
$24.79 billion
Rev. per Employee
$561,508
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