Changes in the size of the lithium battery market

The electric car revolution is fueling a boom in lithium-ion batteries, OilPrice reports. The market for lithium-ion batteries is likely to reach $67 billion by 2022 -- as long as supply keeps flowing.

Fortunately, InternationalBatteryMetals (hereinafter referred to as IBAT) company is committed to leading the lithium extraction of economic change.

Extracting lithium from the metal-rich salt lake deposits using conventional solar evaporation takes up to 24 months, and JohnBurba, IBAT's chief executive, says it takes just 24 hours.

Moreover, traditional extraction techniques yield only 40 per cent of lithium, while IBAT's new technology yields more than 90 per cent

When SimbolMaterials, burba's former company, came close to being acquired in 2014, investors almost entirely missed the genius of burba. Tesla's Gigafactory in Nevada will exhaust the world's supply of battery-grade lithium when its Model3 reaches 500,000 units a year later in 2018. Elon musk had invested $3 billion in SimbolMaterials, a lithium extraction company that was an early startup in bulbar. $2.5 billion to increase supply of the latter. "" this is a compelling opportunity to bring two startups together to drive the development of clean and sustainable energy technologies around the world," "musk said.

Today, a global New York investment bank values the company at $2.5 billion, up from $3 billion. The $2.5 billion valuation increased sevenfold to $2.5 billion. For the investors of the company, fortunately, the deal is not complete, that is why the outside world to InternationalBatteryMetals company interested in.

The explosive development of lithium industry

The world is witnessing a dramatic increase in demand for lithium. Lithium prices have nearly tripled since 2015, rising from $6,500 a tonne to $20,000 on the Chinese spot market. The surge in lithium prices is only the beginning. In the next few years, demand for lithium will increase significantly, which is a huge opportunity for investors. The global battery market is set to reach $120 billion in the next two years.

Production of electric cars is expected to increase 30-fold by 2030, with annual sales rising to 24.4m vehicles from less than 1m today.

Tesla ModelS '70kWh battery pack contains 63Kg of lithium, equivalent to 10,000 mobile phone batteries. Tesla's production capacity is at a critical juncture, and unfortunately, extracting lithium from salt lake lithium is a painfully slow process.

Traditional solar evaporation is time-consuming and takes more than 18 months to produce. It takes a minimum of four years for a lithium mine to be mined and put into production, and an additional three to four years to reach full capacity.

SanfordC. Bernstein&Co researchers say the total investment in new lithium mines will be between $350 billion and $750 billion, but even that will not be enough to produce enough lithium.

Innovation in lithium extraction technology

InternationalBatteryMetals company will soon bring problem solution, the master of the technology in the development of salt lake lithium resources generate $84 billion in revenue, lithium production speed will be faster, the cost will be lower.

At present, the production of lithium needs to go through 18 to 24 months of exposure and evaporation, and only lithium is left after all other elements in the lithium ore are extracted. The biggest problem is that expanding lithium production is difficult, requiring the construction of thousands of evaporation ponds.

IBAT's new technology goes against the conventional approach by removing the evaporation pond from the entire lithium production process. The technology will reduce extraction time to 24 hours. Even better, its lithium withdrawal rate will be increased from 40% to 90%. John boorba said: "our technology allows lithium to be extracted directly. SelectiveAbsorption, which is at the heart of the technology, is the only commercially proven method."

The new technology can be used to extract lithium directly from the ore, which traditionally requires the removal of other elements.

According to bourba, the core idea of the technology is to extract lithium on a continuous basis. The technology collects lithium in flowing brine and ignores other impurities, resulting in diluted lithium chloride. The whole extraction process takes 24 hours, which means people can say goodbye to the traditional extraction cycle of 18 to 24 months. This is undoubtedly a revolution in lithium refining technology. Bulba said the new technology will greatly meet the production needs of lithium batteries.

$84 billion in new opportunities

It is estimated that lithium salt reserves account for about 66 percent of the world's 14 million metric tons of lithium reserves. At current prices, the minerals are worth $84 billion. With the breakthrough of the upcoming lithium extraction technology, InternationalBatteryMetals will become the world's fastest lithium production company.

Faster means more cost effective production.

While new entrants are still struggling with costs, IBAT's technology could bring them into line with those of the three lowest-cost lithium producers. The three lithium producers including AlbemarleCorp SociedadQuimicayMineradeChile and FMC. This is a huge opportunity, the lithium industry is also paying attention.

A team of experienced lithium pioneers

Inventor John bulba, an experienced expert in lithium extraction, will soon become chairman and CEO of IBAT. He will lead a dream team of engineering experts to refine IBAT's new extraction techniques.

IBAT's new technology is actually based on the technology that Mr Bulba invented and sold in the 1990s, when he was chief technology specialist at lithium giant FMC. FMC, which makes the world's purest form of lithium carbonate, has been using the same technology for nearly two decades. The company even got its own lithium label: "" fmc-class" "lithium carbonate.

Since then, bulba has made great progress in core technologies, mainly in extraction efficiency, cost and purity.

Robert mueller will work with IBAT to raise money. Robert mueller has raised $500 million in early-stage funding and has been involved in the listing of seven companies, including nasdaq and American express. He is also the founder of Crystallex, a gold mining company. Bulba has revolutionized the treatment of lithium. With his new signature team, he has the potential to succeed again: release $84 billion worth of lithium.

conclusion

Worldwide, demand for lithium is soaring. Demand for batteries is expected to grow by 7. 7 percent through 2019. Between 7 percent and $120 billion, it's a huge market. What the world needs now is an adequate supply of high-quality lithium to drive demand for batteries. The lithium battery market is expected to reach $46 billion by 2022 as electric cars become more widely available.

InternationalBatteryMetals gained by the technology could change the rules of the game. It can continuously extract more than 90 percent of lithium from lithium salts using a technology that has little impact on the environment. In addition, extraction devices can be used for resource expansion or new resources.

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