Tesla recently announced that the company had completed the world’s largest lithium-ion battery in less than 100 days.
This new movement to faster lithium cell production ups the ante for all lithium companies including Albemarle , Sociedad Quimica y Minera de Chile , Lithium Americas Corp. and NRG Metals Inc.
Rechargeable lithium batteries have been on the market since the 70s, but lithium is finding a new foothold in battery technology. With the demand for large scale applications for rechargeable batteries, lithium batteries are being used in electric vehicles (EVs) and other major clean energy products.
Market watchers predict that the massive increase in demand brought on by automakers, power storage systems and new applications will create a potential significant shortfall by 2020.
Few expected that manufacturers and power supply companies would reach these heights so quickly.
Lithium companies that have seen their share prices rising with demand include leading producers Albemarle and Sociedad Quimica y Minera de Chile, along with other junior miners such as Lithium Americas Corp that has lithium projects in Argentina and Nevada, USA.
One of the newer, developers on this sector is NRG Metals Inc. that is on track in the most prolific region for lithium. NRG Metals has a potentially huge lithium brine project in South America, right alongside the major producers there.
Source: USA News Group