LG Energy Solution

Brazil Set to Join the Lithium Producer Ranks with Multiple Projects Underway in 2023

Retrieved on:

Tuesday, March 21, 2023

VANCOUVER, BC, March 21, 2023 /PRNewswire/ -- USA News Group - Back in late Summer 2022, it was still too early to say whether Brazil had the potential to be a global player in the lithium industry. However, as a new Brazilian mine is set to produce lithium in 2023, the world is taking notice. German Chancellor Olaf Scholz recently returned from a trip to South America, visiting Argentina, Chile, and Brazil, with an intent to expand collaboration on green energy. Securing battery and EV metals from Brazil is clearly a priority for many larger interests, including Warren-Buffett-backed Chinese EV giant BYD Company Limited (OTCPK: BYDDY) (OTCPK: BYDDF) even considering production in Brazil. Now research analysts at Benchmark Minerals are predicting that Brazil is set to more than double its share of global lithium mining this decade, as Sigma Lithium Corporation (NASDAQ: SGML) (TSXV: SGML) ramps up towards production in April 2023. Joining Sigma in the Brazil lithium scene are other developers such as Lithium Ionic Corp. (TSXV: LTH) (OTCQB: LTHCF), Atlas Lithium Corporation (NASDAQ: ATLX), and the latest entrant to the region, Infinity Stone Ventures Corp. (CSE: GEMS) (OTCQB: GEMSF).

Key Points:

However, as a new Brazilian mine is set to produce lithium in 2023, the world is taking notice.
Now research analysts at Benchmark Minerals are predicting that Brazil is set to more than double its share of global lithium mining this decade, as Sigma Lithium Corporation (NASDAQ: SGML) (TSXV: SGML) ramps up towards production in April 2023 .
Sigma holds 27 mineral rights in four properties spread over 191 square kilometres (19,100 hectares), which include nine past-producing lithium mines.
Meanwhile, Sigma Lithium moved forward in the commissioning of its dense medium separation processing plant , gaining more traction towards becoming a lithium producer.

Brazil Set to Join the Lithium Producer Ranks with Multiple Projects Underway in 2023

Retrieved on:

Tuesday, March 21, 2023

VANCOUVER, BC, March 21, 2023 /PRNewswire/ -- USA News Group - Back in late Summer 2022, it was still too early to say whether Brazil had the potential to be a global player in the lithium industry. However, as a new Brazilian mine is set to produce lithium in 2023, the world is taking notice. German Chancellor Olaf Scholz recently returned from a trip to South America, visiting Argentina, Chile, and Brazil, with an intent to expand collaboration on green energy. Securing battery and EV metals from Brazil is clearly a priority for many larger interests, including Warren-Buffett-backed Chinese EV giant BYD Company Limited (OTCPK: BYDDY) (OTCPK: BYDDF) even considering production in Brazil. Now research analysts at Benchmark Minerals are predicting that Brazil is set to more than double its share of global lithium mining this decade, as Sigma Lithium Corporation (NASDAQ: SGML) (TSXV: SGML) ramps up towards production in April 2023. Joining Sigma in the Brazil lithium scene are other developers such as Lithium Ionic Corp. (TSXV: LTH) (OTCQB: LTHCF), Atlas Lithium Corporation (NASDAQ: ATLX), and the latest entrant to the region, Infinity Stone Ventures Corp. (CSE: GEMS) (OTCQB: GEMSF).

Key Points:

However, as a new Brazilian mine is set to produce lithium in 2023, the world is taking notice.
Now research analysts at Benchmark Minerals are predicting that Brazil is set to more than double its share of global lithium mining this decade, as Sigma Lithium Corporation (NASDAQ: SGML) (TSXV: SGML) ramps up towards production in April 2023 .
Sigma holds 27 mineral rights in four properties spread over 191 square kilometres (19,100 hectares), which include nine past-producing lithium mines.
Meanwhile, Sigma Lithium moved forward in the commissioning of its dense medium separation processing plant , gaining more traction towards becoming a lithium producer.

With 11.5% CAGR, Lithium-Ion Battery Market Size to Reach USD 101 billion by 2029

Retrieved on:

Tuesday, March 21, 2023

PUNE, India, March 21, 2023 /PRNewswire/ -- The global Lithium-Ion Battery Market Size is expected to grow at 11.5% CAGR from 2023 to 2029. It is expected to reach above USD 101 billion by 2029 from USD 38 billion in 2022. Growing consumer preference for electric and hybrid vehicles will complement the demand for lithium-Ion batteries. EVs have gained substantial momentum in recent years owing to the growing focus on sustainable transportation and zero-emission vehicles. Several governments are supporting the e-mobility movement with favorable subsidies and schemes encouraging consumers to switch to Electric vehicles. For example, in November 2022, the Netherlands, and Sweden joined the cohort of seven countries consisting of the Canada, U.S., Israel, Norway, Australia, Germany, and New Zealand to transition their government-operated fleets to zero-emission vehicles.

Key Points:

According to Exactitude Consultancy the Global Lithium-Ion Battery Market Size is expected to reach USD 101 billion by 2029, growing at a 11.5% CAGR of Between Forecast Period 2023 and 2029.
PUNE, India, March 21, 2023 /PRNewswire/ -- The global Lithium-Ion Battery Market Size is expected to grow at 11.5% CAGR from 2023 to 2029.
It is expected to reach above USD 101 billion by 2029 from USD 38 billion in 2022.
Battery research is advancing at a rapid pace and Lithium-Ion Battery (LIB) is pioneering in the field of battery market across the world.

With 11.5% CAGR, Lithium-Ion Battery Market Size to Reach USD 101 billion by 2029

Retrieved on:

Tuesday, March 21, 2023

PUNE, India, March 21, 2023 /PRNewswire/ -- The global Lithium-Ion Battery Market Size is expected to grow at 11.5% CAGR from 2023 to 2029. It is expected to reach above USD 101 billion by 2029 from USD 38 billion in 2022. Growing consumer preference for electric and hybrid vehicles will complement the demand for lithium-Ion batteries. EVs have gained substantial momentum in recent years owing to the growing focus on sustainable transportation and zero-emission vehicles. Several governments are supporting the e-mobility movement with favorable subsidies and schemes encouraging consumers to switch to Electric vehicles. For example, in November 2022, the Netherlands, and Sweden joined the cohort of seven countries consisting of the Canada, U.S., Israel, Norway, Australia, Germany, and New Zealand to transition their government-operated fleets to zero-emission vehicles.

Key Points:

According to Exactitude Consultancy the Global Lithium-Ion Battery Market Size is expected to reach USD 101 billion by 2029, growing at a 11.5% CAGR of Between Forecast Period 2023 and 2029.
PUNE, India, March 21, 2023 /PRNewswire/ -- The global Lithium-Ion Battery Market Size is expected to grow at 11.5% CAGR from 2023 to 2029.
It is expected to reach above USD 101 billion by 2029 from USD 38 billion in 2022.
Battery research is advancing at a rapid pace and Lithium-Ion Battery (LIB) is pioneering in the field of battery market across the world.

Honda Announces Next Steps in Preparation for U.S. EV Production

Retrieved on:

Wednesday, March 15, 2023

This EV Hub will play a key role in developing the company?s knowledge and expertise in EV production that will be shared across Honda?s entire North American auto production network in the coming years, even as many Honda plants continue production of gasoline-powered vehicles.

Key Points:

This EV Hub will play a key role in developing the company?s knowledge and expertise in EV production that will be shared across Honda?s entire North American auto production network in the coming years, even as many Honda plants continue production of gasoline-powered vehicles.
Each Honda auto production facility in North America will have a critical role to play in Honda?s electrification strategy.
This will maintain production volume of an important core model for Honda customers, while enabling MAP to transition to EV production.
Even as Honda accelerates preparation for EV production, the company plans to sustain current ICE and hybrid-electric vehicle production in order to continue to meet anticipated strong customer demand through 2030 and beyond.

NEO Battery Materials Launches NBM America LLC in U.S. and Announces Participation in InterBattery 2023, South Korea’s Leading Battery Conference

Retrieved on:

Monday, March 13, 2023

NEO, EV, Government, Secretary of State of Delaware, Samsung, SK Innovation, Silicon, Dow Chemical Company, Exhibition, LG Energy Solution, VC, Inauguration, Prominence, Video game, Lithium

The Company will also participate in South Korea’s leading annual battery exhibition – InterBattery 2023.

Key Points:

The Company will also participate in South Korea’s leading annual battery exhibition – InterBattery 2023.
NBM America Formation & U.S. Site Visitation
In the past week, NEO has successfully incorporated NEO Battery Materials America, LLC under the provisions and requirements of the State of Delaware.
Inaugurated in 2013, InterBattery is South Korea’s leading annual battery trade show that attracts over 900 domestic and international exhibitors with 1,500 showcasing booths.
With the participation of global battery manufacturers and EV automakers, NEO Battery Materials intends to establish new business relationships for further strategic initiatives and expansion.

LG Energy Solution and Honda Break Ground for New Joint Venture EV Battery Plant in Ohio

Retrieved on:

Wednesday, March 1, 2023

Carbon, LG Energy Solution, KRX, JV, Workforce, Partnership, Architecture, EVS, Plant, State government, Head, EV, Lieutenant, Renewable energy, Automotive industry

JEFFERSONVILLE, Ohio, Mar 1, 2023 - (JCN Newswire) - Honda and LG Energy Solution (LGES; KRX: 373220) today held the official groundbreaking ceremony for a new joint venture EV battery plant over 2 million square feet in size, to be located in Fayette County, near Jeffersonville, Ohio.

Key Points:

JEFFERSONVILLE, Ohio, Mar 1, 2023 - (JCN Newswire) - Honda and LG Energy Solution (LGES; KRX: 373220) today held the official groundbreaking ceremony for a new joint venture EV battery plant over 2 million square feet in size, to be located in Fayette County, near Jeffersonville, Ohio.
"It is an honor to represent two great corporations, Honda and LG Energy Solution, both with a long, proud history of success.
LG Energy Solution is the leading battery manufacturer globally and is investing aggressively to meet demand for electrification.
For more information about the joint venture battery plant, visit www.lgeshonda.com.

LG Energy Solution and Honda Break Ground for New Joint Venture EV Battery Plant in Ohio

Retrieved on:

Tuesday, February 28, 2023

Carbon, LG Energy Solution, KRX, JV, Workforce, Partnership, Architecture, EVS, Plant, State government, Head, EV, Lieutenant, Renewable energy, Automotive industry

The two companies have committed to invest $3.5 billion in the new joint venture (JV) facility, with their overall investment projected to reach $4.4 billion.

Key Points:

The two companies have committed to invest $3.5 billion in the new joint venture (JV) facility, with their overall investment projected to reach $4.4 billion.
"It is an honor to represent two great corporations, Honda and LG Energy Solution, both with a long, proud history of success.
LG Energy Solution is the leading battery manufacturer globally and is investing aggressively to meet demand for electrification.
For more information about the joint venture battery plant, visit www.lgeshonda.com .

North America's Lithium Hot Spot Hits Record Results

Retrieved on:

Thursday, February 23, 2023

Zinc, Tesla, Security (finance), Coal, Advertising, EMP Merchandising, SHARE, SEDAR, NOT, Sociedad, Morazán, Volvo, LAC, EMP, Silver, ANY, GM, EVS, Copper, Molybdenum, Metal, Annual report, Gold, LG Energy Solution, USE, NYSE, TRQ, Media, Miner, Share repurchase, Publishing, Growth, ALB, Environment, Bank statement, Yoy, Form 10-K, EV, Risk, FNM, Marketing, News, Saskatchewan Group, LTH, Mining, Use, Albemarle Corporation, Government, Q4, Teck Resources, Communication, Lithium, Audit, SQM, Viewfield crater

LONDON, Feb. 23, 2023 /PRNewswire/ -- With EV sales set to triple by 2026 and auto giants committing tens of billions of dollars in a massive push to boost battery production for American EVs, the race to the finish line for new lithium supplies will help define this space in 2023. Mentioned in today's commentary includes: Lithium Americas Corp. (NYSE: LAC), Turquoise Hill Resources Ltd. (NYSE: TRQ), Teck Resources (NYSE: TECK), Albemarle Corporation (NYSE: ALB), Sociedad Química y Minera de Chile (NYSE: SQM).

Key Points:

Lithium Ionic Corp (LTH) has gained nearly 60% in the same time period, and Lithium Bank Resources Corp (LBNK) is up over 31% .
EMP is focused on low-cost, high-impact lithium exploration projects, and the Duperow Formation, where much of the lithium investor attention is now focused, is exactly that.
That means that EMP's latest lithium brine test results appear to be of higher concentrations than anything previously recorded by the Canadian government.
Under the deal, SQM will supply battery-grade lithium carbonate and lithium hydroxide to LG Energy Solution between 2021 and 2029.

North America's Lithium Hot Spot Hits Record Results

Retrieved on:

Thursday, February 23, 2023

LONDON, Feb. 23, 2023 /PRNewswire/ -- With EV sales set to triple by 2026 and auto giants committing tens of billions of dollars in a massive push to boost battery production for American EVs, the race to the finish line for new lithium supplies will help define this space in 2023. Mentioned in today's commentary includes: Lithium Americas Corp. (NYSE: LAC), Turquoise Hill Resources Ltd. (NYSE: TRQ), Teck Resources (NYSE: TECK), Albemarle Corporation (NYSE: ALB), Sociedad Química y Minera de Chile (NYSE: SQM).

Key Points:

Lithium Ionic Corp (LTH) has gained nearly 60% in the same time period, and Lithium Bank Resources Corp (LBNK) is up over 31% .
EMP is focused on low-cost, high-impact lithium exploration projects, and the Duperow Formation, where much of the lithium investor attention is now focused, is exactly that.
That means that EMP's latest lithium brine test results appear to be of higher concentrations than anything previously recorded by the Canadian government.
Under the deal, SQM will supply battery-grade lithium carbonate and lithium hydroxide to LG Energy Solution between 2021 and 2029.