"We must do it, we can do it and we will do it" - Elon Musk presents one more revolutionary product and it will become the major transitional point for our industry. The most important point here is the price. I am very impressed with the pricing of $3,500 for 10 kWh! Tesla's Gigafactory is supposed to bring the price down to 100 per kWh and than we can talk about the mass market for electric cars and energy storage. It all is coming very fast now: Gigafactory will be in operations by the end of 2016. Solar power is booming all over the world. This energy storage products will be open source as well! Elon is talking about hundreds of Gigafactories to come and LG Chem, BYD, Foxconn and Boston Power are already building ones. Time is to invest in the security of lithium supply to make this revolution happen. International Lithium is very fortunate to have Ganfeng Lithium as our strategic partner in this fast growing market and we are on the ground advancing our J/V projects right now.
Lithium Hydroxide - A Perfect Price Storm Just Before Tesla Battery Storage Announcement.
Joe Lowry has published another very interesting article on the current supply and demand in the different sectors of the lithium market and the coming shortage for the lithium battery grade materials. If you are interested in our sector - he will be the one to follow on twitter at https://twitter.com/globallithium.
Joe has recently brought to our attention the rising powerhouses from China in lithium materials sector and, as you know, I am personally involved with International Lithium and Ganfeng Lithium from China as well.
"War On Pollution" in China produces a range of new concepts of electric cars to conquer the largest auto-market in the world. Not all of them will become the hit in the market, but the trend is apparent - EV is the future for mobility in China. Government supports this leap into the lithium based technology to close the gap with western auto-makers. Security of supply for lithium takes the centre stage in the development of strategic industry - electric cars. Tesla Gigafactory has already spiked interest to the lithium batteries and Megafactories are being built now in China by LG Chem, Foxconn, BYD and Boston Power.
International Lithium And Ganfeng Lithium: "The End Of The Lithium 'Big 3'.
"Joe Lowry has published a very interesting article about the lithium market, major producers and rising Chinese powerhouses in lithium industry. You can find now more details on International Lithium strategic partner Ganfeng Lithium. Apple Electric iCar and Warren Buffet BYD move into energy storage to chase Elon Musk with his Tesla Gigafactory bring Lithium back onto the radar screens of investors now. Read more."
International Lithium Corp. and Ganfeng Lithium Commence Work Programs on the Avalonia and Mariana Lithium Projects.
Disclosure: The author is long TRRXF, ILHMF.