Our weekly news update on the Lithium sector is here!
Tesla received orders this past week from two prominent worldwide companies – Sysco foods and Anheuser Busch – for its new semi truck. As a reminder, the Lithium boom is heavily based off of demand for Lithium Ion Batteries for Electric Vehicles. Imagine what the battery size (and the required Lithium) will be for the Tesla Semi and other future battery operated trucks…
Cadence Minerals, is the latest company to enter the Lithium space by acquiring “six prospective hard rock lithium assets” in Argentina.
Tawana Minerals, one of the next up and coming producers in 2018, was featured in thewest.com. CEO Mark Calderwood is quoted as saying “With a number of significant resource targets, the joint venture is considering increasing the pace of drilling in the new year.”
The Wall Street Journal came out with its 4th article in only the last two weeks on Electric Cars and Lithium..
Tyseen, ‘the german engineering and steel group’, said that they expect orders for E-car battery “gear” to be worth $1.2 billion “due to an expected production boom of Lithium Ion Batteries.”
European Lithium, a relatively recent newcomer to the Lithium exploration scene, raised $5 Million dollars in an oversubscribed placement.
“UBS has lifted its expectations for global electric vehicle sales and upgraded its price forecasts for the battery commodities of lithium, graphite and nickel” according to TheWest.com
Believe it or not but Ford is teaming up with Alibaba to help break into China’s Electric Vehicle Industry.
According to the BMW R&D Chief, sales for electric vehicles will “exceed 2017 sales target of 100,000 vehicles by a medium double-digit percentage”
ICYMI, our 2017 year in review, which came out this past week can be found here!