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Galaxy Resources Ltd is a mineral resource company focused on lithium. The company's activities involve the production of Lithium Carbonate and explore for minerals. The lithium compounds are used to manufacture ceramics, glass and electronics and manufacturing of lithium-ion batteries. It is developing the Sal de Vida Lithium and Potash Brine Project in Argentina and owns Mt Cattlin Spodumene... see more

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Galaxy Resources Ltd > Opting out of hydrogen fuel cells

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Post by goodtoreadthis on Apr 22, 2018 11:27am

Opting out of hydrogen fuel cells

https://www.caradvice.com.au/641666/kia-ditches-hybrid-straight-to-pure-electric-from-2021/

I feel this warranted posting as my view was that one of the bigger risks to PLS was the adoption of hydrogen fuel cells, instead of lithium batteries for cars. In short, Hyundai/Kia were arguably the leaders in the field and pushing for hydrogen fuel cell vehicles over lithium battery powered EVs. This could've curtailed the lithium demand had the industry decided fuel cells were worth pursuing but Hyundai/Kia have now moved over to lithium.

“They were, we were incredibly advanced in fuel-cell technology but there was a shift in Korea probably six to eight months ago where EVs tended to take over and we think in the medium term that’s the best way to go,” - Kia Australia COO referencing Hyundai and Kia's hydrogen fuel cell development.

Excellent news in my view, reducing risk for PLS and the lithium industry in general.