With Oil moving above $90 today more bids are coming into the Lithium developers space which are bitten into the dust with the end of the world scare during past couple of months. Insiders are buying into Orocobre Lithium and International Lithium now and, maybe, this sell off will be another major entry point into this generational Bull market. Future will tell.
We are following here International Lithium Corp. - Canadian junior Lithium developer with strategic partner from China - Ganfeng Lithium, which is mentioned in the report as well. Company has announced the extensive exploration program in Canada and will start its work on Mariana Lithium brine project in Argentina this Fall."
Please, do not forget, that we own stocks we are writing about and have position in these companies. We are not providing any investment advise on this blog and there is no solicitation to buy or sell any particular company here. Always consult with your qualified financial adviser before making any investment decisions.
BOULDER, Colo., Oct 24, 2011 (BUSINESS WIRE) -- Over the past few years, the automotive industry has increased its focus on the electric vehicle (EV) battery market by successfully introducing several new plug-in hybrid electric vehicles (PHEVs) and battery electric vehicles (BEVs) as the process of moving away from petroleum-based fuels and toward battery power intensifies. These vehicles will rely almost exclusively on lithium ion (Li-ion) batteries, while hybrid electric vehicles (HEVs) will slowly switch from nickel-metal hydride (NiMH) technology. According to a new report from Pike Research, the combined market for Li-ion batteries in HEVs, PHEVs, and BEVs will soar over the next several years, increasing from $2.0 billion worldwide in 2011 to more than $14.6 billion by 2017. The cleantech market intelligence firm forecasts that capacity shipments of Li-ion batteries for the transportation market will increase from 2.5 million kilowatt hours (kWh) to nearly 28.0 million kWh during the same period.
"The government subsidies that gave the initial impetus to the electric vehicle market will continue to drive the market in the near term," says research director John Gartner. "However, significant reductions in battery cost are imperative for the industry to grow to its target levels. While the cost of lithium ion batteries is gradually declining, cost still represents a significant hurdle as it accounts for a large portion of total EV cost."
Gartner adds that there are currently more than half a dozen battery chemistries with unique properties for power, energy density, and life cycle performance that are being commercialized. While Pike Research believes that there is no single chemistry that will emerge as the clear winner, owing to the tradeoffs in their various properties, initial indications point to a greater interest in the lithium iron phosphate chemistry in the years to come due to its superior performance characteristics coupled with increased safety.
Pike Research's analysis indicates that nearly half the demand for Li-ion transportation batteries is likely to come from Asia, led primarily by China, while Europe and the United States are likely to constitute 25% and 21% shares of the world market, respectively.
Pike Research's report, "Electric Vehicle Batteries", outlines the critical role that governments around the globe will play in establishing the electric vehicle market, and the challenges that manufacturers face in creating an industry that will be able to stand on its own as government influence diminishes. The study examines the key market drivers for the electrification of vehicles, the status of R&D in batteries, the impact of declining battery production costs on vehicle sales, and the resale of batteries after their useful life in vehicles. An Executive Summary of the report is available for free download on the firm's website.
Pike Research is a market research and consulting firm that provides in-depth analysis of global clean technology markets. The company's research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Smart Energy, Smart Grid, Smart Transportation, Smart Industry, and Smart Buildings sectors. For more information, visit pikeresearch.com or call +1.303.997.7609.
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Electric Vehicle Lithium Battery Market to Reach $14.6 Billion in Revenues by 2017, According to Pike Research ilc.v, tnr.v, czx.v, rm.v, lmr.v, abn.v, asm.v, btt.v, bva.v, bvg.v, epz.v, fst.v, gbn.v, hao.v, jnn.v, ks.v, ktn.v, kxm.v, mgn, mxr.v, rvm.to, 0 comments
Now we can talk about the growth and the hot market for the Lithium batteries. Asia is leading the way forward and Asian trading houses and Lithium materials producers are securing the Lithium supply for the Green Revolution in transportation.
Lithium Charge: CCID Consulting Releases the White Paper for Mapping of China’s Lithium Ion Industry (2011) "We have very interesting report on development of Lithium industry in China as part of the strategic New-Energy Automobile Industries in China's 12th Five Year Plan. Lithium batteries and materials industry is at the heart of this transition to the electric cars and is growing very rapidly in China now. Report expects the fast growth in this sector in China, when security of Lithium supply will be crucial for further developments.
Lithium Ion Batteries for Hybrid, Plug-in Hybrid, and Battery Electric Vehicles: Market Analysis and Forecasts
PikeResearch:
Electric Vehicle Battery Market to Reach $14.6 Billion in Revenues by 2017, According to Pike Research
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