Weekly News Update: EVs Drive Lithium Coverage

It’s been another busy week in the lithium and supporting industries.  Here’s a roundup of the biggest stories:

  • Not so fast! Galaxy Resources has said that it is in talks with Tesla battery supplier Panasonic to supply lithium for their batteries but denies having reached any agreement.  Read the full story by Barron’s here.
  • As the EV and lithium boom catches steam, there’s been more talk about potential lithium futures, with exchanges already brainstorming and discussing the idea. Read the full story here.
  • Mashable put out a great story about how the major automakers plan to go electric.  Check it out here.
  • The NY Times did a Dealbook Briefing discussing the Electric Future.  In it they summarized the various countries that are pushing for greater EV adoption, and the automakers’ plans to comply.  Read the full story here.
  • Altura Mining announced that they locked up $26m in funding for potential stage 2 expansion studies for their Pilgangoora lithium project.  This is great news, not only for the overall lithium project financing market, but also for Altura who will look to potentially double their expected output via the expansion.  Read the full story here.
  • On a related note- this news is just another way for Altura to get more shareholder attention, a key area that we believe management should focus on to help drive the stock price.  In our Altura Mining analysis post, we go over just how much we think the stock can be worth if they continue to unlock value.
  • The electric bus market continues to grow:  Forbes wrote a piece on BYD and Proterra’s fight to dominate the US electric bus market.  Read the full story here.
  • Stanford recently did a study on Sodium-based batteries, finding that it may be a more cost effective technology for energy storage applications.  It’s too early to tell whether this will be a viable product of just another potential breakthrough that didn’t pan out.  Nevertheless, it is an interesting finding, and readers can check out the full story here.
  • Imperium3, a New York based consortium of battery tech firms, has pledged to invest $130m over the next five years in Li-ion gigafactories.  They aim to produce 15GW of of batteries over the next five years.  The news came out of the NY Governor’s office, and can be read here.
  • ICYMI: We recently published our analysis on Lithium Americas, outlining their lithium project, company management, and valuation.

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