Demand for lithium is expected to grow dramatically as lithium-ion batteries become more popular

The global li-ion battery market is expected to reach $46.21 billion by 2022, with compound annual growth of 10.8 percent, according to AlliedMarketResearch. The growing demand for durable rechargeable batteries can be attributed to the increased use of rechargeable electronic devices, grid storage systems and electric vehicles. While utility storage and portable devices control most of the market for lithium-ion batteries, electric cars are expected to take over in the next few years. The growing popularity of electric vehicles due to their environmental impact has led the government to actively encourage industry and companies to invest in research and development.

The lithium battery is compact, but the energy density allows the vehicle to drive over a wider range than previous battery options. AlexaCapital GerardReid stock researcher and fund manager explained: "as a kind of material, lithium is very unique, because lithium is very light, any reduction potential minimum chemical element, which makes the lithium battery has unparalleled performance, in 2020 to the cost of lithium-ion batteries could fall by 50% to $100 per kilowatt-hour, energy density should be increased by 20% at the same time, this will help to increase the range of the average electric vehicle (EV) to 500 km. "

MGXMineralsInc. (otc code: MGXMF) is also listed on Ticker (CSE: XMG) on the Canadian stock exchange. Earlier this week, the company provided an update on the "" project basinpetrolithium" "for the company. The project includes 80,380 acres of blueberry units, as part of the recently established federal oil and gas department.

After about two months of field work, the team has completed paleontological measurements and is close to completing an archaeological survey. So far, all sites have been surveyed, with 163 new sites and 12 sites that need to be reformatted. The documented investigation will begin this week and will take about a week to complete. Pending approval from the land management bureau, Paradox's seismic survey program will begin in early August.

The 110,000-acre paradox project represents the first large integrated petroleum and lithium exploration project in the United States and in the Lisbon valley oilfield near the paradox basin, which has shown historically high levels of lithium (premium oil 88-21p) up to 730ppm.

As part of the company's exploration, testing and analysis strategy for north and South America, the project is simultaneously drilling for oil, natural gas, lithium and other brine minerals to determine the location of the company's lithium and mineral extraction technologies, including oil and natural gas, geothermal, and other lithium brine feedstock sources. MGX controls more than 2 million acres of lithium mineral claims across North America.

MGX currently has a 75 percent working interest in the program, with the remainder controlled primarily by private companies in Utah (paradox partners). Dawn partners has been hired by MGX as a subcontractor for the project. The project hosts the estimated future resources of national instruments (NI) 51-101 (" estimates "), including leases and royalties in SAN Juan and miguel counties, Utah. Colorado. The estimate was prepared by ryder Scott co., LTD. (" ryder Scott "), an independent qualified reserves assessor based on the ni51-101 - oil and gas activity disclosure standard (" ni51-101 "), effective June 30, 2017. The estimates are based on ni51-101 and the Canadian oil and gas assessment. "

AlbemarleCorporation (nyse: ALB), headquartered in charlotte, north Carolina, is a global leader in specialty chemicals for lithium, bromine and refining catalysts. On 9 March 2018, the company announced that, as expected, it had received approval from the Chilean economic development agency (CORFO) to increase its lithium quota and sustainably increase Albemarle's lithium production in Chile to 145,000 metric tons of lithium carbonate equivalent (LCE) annually through 2043. As previously announced, the increase in this quota will benefit from the company's innovative technology to extract more lithium without the need for additional brine in SalardeAtacama. JohnMitchell, President of Albemarle, said: "we are pleased that with this new quota we have the opportunity to add additional capacity at Atamaca in an efficient and sustainable manner." "Albemarle's new saline production technology is part of our announced Wave2 capacity expansion beyond 2021. "" we will continue to actively monitor the market and provide this capability as needed to meet the needs of our contracted customers." "

SociedadQuimicayMineradeChileSA (nyse: SQM) is a integrated producer and distributor of lithium, iodine, specialty phytonutrients, potassium related fertilizers and industrial chemicals. As the world's largest lithium producer, SQM is committed to the development and sustainable development of the lithium industry. In January 2018, the company announced an agreement with CORFO to complete the arbitration process that began in May 2014. The agreement includes a one-time payment of about $20 million, reflected in fourth-quarter 2017 results. As part of the agreement, SQM allows the production and sale of up to 2.2m tonnes of lithium carbonate equivalent (LCE) by 2030, despite paying CORFO higher rental fees and other related costs. Since the agreement was approved by Chilean regulators, we expect this new payment structure to take effect in March 2018.

Millennium lithium (OTCQX: MLNLF) controls 20,000 hectares of premium land in the centre of the famous "lithium triangle", the world's most productive lithium concentrate. Recently, the company reported that it had obtained an environmental permit to begin exploration of the property granted to it by sarta energy mining. REMSAProperties forms part of the company's PastosGrandes project. The company's agreement with REMSA is detailed in the company's press release dated August 24, 2017. The company intends to complete the feasibility study for the PastosGrandes project and provide additional research support including production well field modeling and reserve estimation.

OrocobreLimited is a dynamic global supplier of lithium carbonate and a producer of boron. On April 18, 2018, the company provided the latest data of the diamond core drill CAU17, located in the northwest region of the Cauchari joint venture in the province of huhui, Argentina. The exploration program is run by AdvantageLithiumCorp., a joint venture that owns 75% of Charlie. Orocobre owns 29 percent of AdvantageLithium's outstanding equity. The CAU17 consists of a series of gravel and sand based units intersecting the prefabricated ring surface at depths of 146 to 210 meters. A clay/silt dominated unit encountered near the bottom of the hole at a depth of 210-237 m. Samples of saline 2 were taken in CAU17, using a ba water unit, and three samples were obtained in the gravel unit at depths of 178,185 and 203 m, respectively. Lithium concentrations range from 549 to 606 mg/l, with an average of 571 mg/l of lithium and 4,488 mg/l of potassium. These samples have an Mg/Li ratio of 2.3:1, the same as the Olaroz project produced in the north.

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