NEW YORK, February 15, 2018 /PRNewswire/ --
According to data provided by Technavio, the global lithium-ion battery market is expected to reach USD
81.65 billion by 2021 and growing at a CAGR of over 11%. The report indicates that the market is not yet fully developed
and is still in its initial stage. Competition is expected to intensify as the market continues to be introduced to new
technologies and witnesses higher investments in R&D. Lithium-ion batteries are also widely used in portable electronics,
such as smartphones, cameras, watches and tablets. The popularity for lithium-ion batteries is due to its high energy density and
high safety level ratings. MGX Minerals Inc. (OTC: MGXMF), Albemarle Corporation (NYSE: ALB), FMC Corporation (NYSE: FMC),
Tesla Inc (NASDAQ: TSLA), Lithium Americas Corp (NYSE: LAC)
Innovations and enhancement of technology will be the criteria among vendors to meet the demand in the market. According to
Thanikachalam Chandrasekaran, a lead analyst at Technavio for energy storage, "Companies are
adopting inorganic growth solutions like M&A and forming partnerships with effective product launches. Acquisitions and joint
ventures are some of the strategies that the vendors are pushing aggressively to gain market share and gain a competitive
edge."
MGX Minerals Inc. (OTC: MGXMF) also listed on the Canadian Securities Exchange under the Ticker 'XMG'. The company
recently announced breaking news that it, "has commenced joint brine testing with four Chilean mining companies at multiple
salars (the "Projects") located throughout Chile. The Projects are at various stages of
development. The purpose of joint testing is to provide a basis for future potential joint-venture locations that will utilize
MGX's lithium extraction technology. All samples are being shipped to Calgary, Alberta to
undergo pilot plant testing.
The mining-friendly region of Chile is host to approximately 50% of global lithium reserves
and is responsible for one-third of global annual output. The world's leading lithium producers and some of the largest and
highest grade salars globally are located in Chile. The country is host to well-developed
infrastructure and a skilled labor force. Additionally, recent elections have led to a new government taking office next month.
The new incoming Minister of Mines, Mr. Baldo Prokurica, has publicly stated his intent to reform the country's mining industry
through the rollout of a new mining development plan that will foster foreign investment into the country."
About MGX Minerals - MGX Minerals is a diversified Canadian resource company with interests in advanced material and energy
assets throughout North America.
Albemarle Corporation (NYSE: ALB), headquartered in Charlotte, NC, is a global
specialty chemicals company with leading positions in lithium, bromine and refining catalysts. Albemarle is the industry leader in lithium and lithium derivatives, one of the highest growth markets in
the specialty chemicals industry. Its unique natural resource position, derivatization capabilities and technology leadership
allow Albemarle a sustainable competitive advantage. The company maintains the strongest
vertical position in the industry, from raw material extraction to specialty product manufacturing and are able to provide an
unmatched security of supply to our valued customers. On November 8, 2017, the company reported
third quarter 2017 net sales of $754.9 million, earnings of $118.7
million and adjusted EBITDA of $209.4 million. Lithium and Advanced Materials reported net
sales of $343.6 million in the third quarter of 2017, an increase of 42.9% from third quarter 2016
net sales of $240.4 million.
FMC Corporation (NYSE: FMC) has served the global agricultural, industrial and consumer markets with innovative
solutions, applications and quality products. FMC employs approximately 7,000 people throughout the world and operates its
businesses in two segments: FMC Agricultural Solutions and FMC Lithium. Recently, the company reported fourth quarter and
full-year 2017 results. For the year, FMC reported revenue of approximately $2.9 billion, an
increase of 13 percent compared to 2016. FMC Lithium reported fourth quarter segment revenue of $113
million, an increase of 60 percent versus the prior-year quarter. Segment earnings more than doubled year-over-year to
$44 million in the quarter. Higher volume from FMC's new hydroxide operations in China and higher year-over-year prices were the main contributors to growth. The outlook for Lithium segment
revenue for the full year of 2018 is in the range of $420 million to $460
million, an increase of 27 percent at the mid-point compared to 2017, while the outlook for full-year segment EBITDA is in
the range of $180 million to $200 million.
Tesla Inc (NASDAQ: TSLA) mission is to accelerate the world's transition to sustainable energy through increasingly
affordable electric vehicles in addition to renewable energy generation and storage. According to a blog by The Tesla Team last
year, Tesla and Panasonic began mass production of lithium-ion battery cells, which will be used in Tesla's energy storage
products and Model 3. The high performance cylindrical "2170 cell" was jointly designed and engineered by Tesla and Panasonic to
offer the best performance at the lowest production cost in an optimal form factor for both electric vehicles and energy
products. Model 3 cell production will follow in Q2 and by 2018, the Gigafactory will produce 35 GWh/year of lithium-ion battery
cells, nearly as much as the rest of the entire world's battery production combined.
Lithium Americas Corp (NYSE: LAC), together with SQM, is developing Cauchari-Olaroz, located in the Province of Jujuy,
Argentina, through its 50% interest in Minera Exar. In addition,
Lithium Americas owns 100% of Lithium Nevada (formerly Kings Valley project), and RheoMinerals Inc., a supplier of rheology
modifiers for oilbased drilling fluids, coatings, and specialty chemicals. On January 18, 2018, the
company provided certain corporate developments. Lithium Americas continues to advance Lithium Nevada, a clay-based lithium
resource in the McDermitt Caldera. The 2017 exploration drill program was completed on time and budget with assay results
expected in the coming months. Planning for a further 2018 exploration drill program is underway and focused on mapping the
extent of the deposit. Progress on the geology, mine plan, process engineering and permitting remain on track to complete a PFS
on Lithium Nevada as planned.
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