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Lithium Battery Market Size Is Expected To Reach 67 Billion U.S. Dollars Electric Cars Or So Change
Mar 22, 2018

The electric car revolution is driving the development of lithium-ion batteries, according to the Oilprice website. By 2022, the market for lithium-ion batteries could reach $67 billion trillion-and it would thrive as long as supply flowed.


Fortunately, International Battery Metals (Ibat) is working to lead the economic transformation of lithium extraction.


The use of conventional exposure evaporation technology to extract lithium from a metal-rich Salt Lake Lithium mine takes up to 24 months, and Ibat CEO John Burba (John burba) says it takes only 24 hours to complete the extraction.


Not only that, the traditional extraction technology can only obtain 40% of lithium, and the new technology ibat can make lithium extraction rate of up to more than 90%


When Burba's former company, Simbol Materials, was nearly acquired in 2014, investors almost missed Burba's genius. Tesla will run out of all battery-grade lithium supplies from around the world by 2018, at the gigafactory of Nevada State's MODEL3 annual output of 500,000 vehicles. Ellon MASC has invested 325 million of billions of dollars in simbol materials, the Burba's early start-up company, to increase the latter's supply. "This is a compelling opportunity to combine two start-ups to drive global clean and sustainable energy technologies," Musk said. ”


Today, a New York global investment Bank is valuing the company by as much as $2.5 billion, up seven times times its previous 325 million dollar valuation, to $2.5 billion trillion. Fortunately for the company's investors, the deal was not completed, and that is why outsiders are interested in international Battery metals.


Explosive development of lithium industry


People are witnessing a sharp rise in demand for lithium in the global marketplace. Lithium prices have increased nearly twice-fold since 2015, and lithium prices have risen to $20000 per tonne in China's spot market. The surge in lithium prices is just the beginning. The demand for lithium will increase sharply over the next few years, which is a huge opportunity for investors. In the next two years, the global battery market will reach 120 billion dollars in output.


By 2030, the output of electric vehicles is expected to grow by 30 times times, with annual sales rising from less than 1 million vehicles to 24.4 million.


Tesla models's 70kWh battery pack contains 63Kg of lithium, equivalent to 10,000 lithium-ion cell phones. Tesla's capacity is on a key node, and unfortunately it is a painful and slow process to get lithium from the Salt Lake Lithium mine.


Traditional exposure evaporation technology is time-consuming and has a production cycle of more than 18 months. It takes at least four years for a lithium mine to go from mining to production, and it will take an additional 3-4 years for the production to reach saturation.


Sanfordc.bernstein&co researchers said the total investment in the new lithium mine would be between 350 billion and 750 billion dollars, but even such a large investment would not guarantee enough lithium production.


The change of lithium extraction technology


International Battery Metals's imminent solution to the problem, the technology it holds will yield 84 billion of billions of dollars in the development of Salt Lake Lithium ore resources, which will produce faster and cheaper lithium.


At present, lithium production needs to undergo 18-24 months of exposure evaporation, to the lithium ore after all the other elements are extracted only lithium elements, mining is completed. The biggest problem is that the expansion of lithium production is very difficult and requires the construction of thousands of evaporation ponds.


Ibat's new technology is the reverse of the traditional method, which removes the evaporation pond from the entire production of lithium. The technology will reduce the extraction time to 24 hours. Even better, its lithium extraction rate will rise from 40% to 90%. John Burba said: "Our technology can directly extract lithium, the core of technology-selective absorption (selective absorption) is the only commercially proven feasible way." ”


The traditional way is to remove the other elements in the lithium ore, which can be directly extracted from lithium ore.


According to Burba, the core idea of the technology is to extract lithium based on a continuum. The technology collects lithium in the flowing salt brine, ignores other impurities and eventually gets diluted lithium chloride. The entire extraction process takes 24 hours, which means that people can say goodbye to the traditional method for 18-24 months of extraction cycles. This is undoubtedly a change in the technology of lithium extraction. Burba says the new technology will greatly meet the demand for lithium battery production.


84 billion dollars in new opportunities


It is estimated that the lithium salt mine accounts for about 66% of the world's 14 million metric tons of lithium deposits. At current prices, these minerals are worth 84 billion of dollars. With the coming breakthrough in lithium extraction technology, International Battery Metals will become the world's fastest-growing lithium production company.


Faster means higher production cost efficiency.


While new entrants are still battling costs, Ibat's technology can make them equal to the cost of the 3 lithium producers, which currently cost the least. The three major lithium producers include Albemarle Corp,sociedad Quimicay minerade Chile and FMC. This is a huge opportunity, the lithium industry is also concerned about.


A veteran lithium pioneer team


Inventor John Burba is about to serve as chairman and chief executive officer of Ibat, an experienced lithium extraction expert. He will lead a dream team composed of engineering experts to further refine the new extraction technology obtained by Ibat.


Ibat's new technology is actually based on the technology that Burba invented and sold in the 90 's, when he was the chief technical expert of FMC, the lithium giant. For nearly 20 years, FMC has been using the same technology, which is responsible for making the world's purest lithium carbonate. The company even obtained its own lithium-label: "fmc-grade" lithium carbonate.


Since then, Burba has made great progress in the core technology, which is mainly reflected in the extraction efficiency, cost and purity.


Robert Mueller will work with Ibat to raise funds. Robert Mueller has raised 500 million of billions of dollars in early funding and has been involved in the listing of 7 companies, including NASDAQ and American Express. He was also the founder of Crystallex, a gold mining company. Burba has revolutionized lithium processing technology. With his new iconic team, he has the potential to succeed again: releasing lithium worth 84 billion of billions of dollars.


Conclusion


On a global scale, demand for lithium is rising sharply. It is expected that by 2019, battery demand will grow by 7.7% to 120 billion dollars, which is a huge market. What the world needs now is a plentiful supply of high quality lithium to boost battery demand. With the popularity of electric cars, the lithium-ion battery market will reach 46 billion dollars by 2022.


The technology International Battery Metals may change the rules of the game. It can continuously extract more than 90% of lithium from lithium salts through a technology that has little impact on the environment. In addition, the extraction appliance can also be used for resource expansion or new resources.


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