Financial News

E-Commerce Solutions Grow in Popularity Around the World

Retrieved on:

Monday, November 7, 2022

NEW YORK, Nov. 7, 2022 /PRNewswire/ -- The e-commerce market continues to grow exponentially. According to data provided by Shopify, two years ago, only 17.8% of sales were made from online purchases. That number is expected to reach 21% in 2022, a 17.9% increase in e-commerce market share over two years. Growth is expected to continue, reaching 24.5% by 2025, which translates to a 6.7% increase in just five years. The number of active online stores around the world is rising in large part due to better internet infrastructure in emerging markets and thanks to an increasingly wide range of products that are now being sold exclusively online. And, according to research by eMarketer, online retail sales will reach USD 6.17 Trillion by 2023, with e-commerce websites taking up 22.3% of total retail sales. Jowell Global Ltd. (NASDAQ: JWEL), Etsy, Inc. (NASDAQ: ETSY), JD.com, Inc. (NASDAQ: JD), Shopify Inc. (NYSE: SHOP), Alibaba Group Holding Limited (NYSE: BABA)

Key Points:

"Alibaba, JD.com and Pinduoduo will command 83.6% of the retail ecommerce market in 2020, compared with 80.3% last year.
Jowell Global Ltd.(NASDAQ: JWEL )just announced breaking news regarding its, "unaudited financial results for the third quarterended September 30, 2022.
Total revenues were $51.4 million, an increase of 17.2% from $43.8 million in the same period of 2021.
GMV in Q3 were $66.8 million, up 7.8% year over year, while total revenue grew by 17.2% year over year reaching $51.4 million.

Demand for Lithium Buoyed by the Growing Electrification of Vehicles

Retrieved on:

Monday, November 7, 2022

NEW YORK, Nov. 7, 2022 /PRNewswire/ -- The electrification of vehicles is still in its infancy stage, and it is projected to attract a significant volume of lithium-ion batteries. Lithium-ion batteries are heavily adopted due to their compact size, rechargeability, recyclability and high-density energy output. As a result, such batteries are largely used in electric vehicles (EVs). Government subsidies for EVs, along with investments in this space, are likely to act as an additional booster to the growth of the market. Geographically, the Asia Pacific region dominated the market as it held the largest volume share of 56.3% in 2020, owing to the rapidly developing automotive, glass, and consumer goods industries in countries such as China, Japan, South Korea, and India. According to Grand View Research, the global lithium market size was valued at USD 6.83 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 12.0% from 2022 to 2030. Infinity Stone Ventures Corp. (OTC: GEMSF) (CSE: GEMS), Pilbara Minerals Limited (OTC: PILBF), American Lithium Corp. (OTC: LIACF), Albemarle Corporation (NYSE: ALB), Lake Resources N.L. (OTC: LLKKF)

Key Points:

Infinity Stone Ventures Corp. (OTC: GEMSF) (CSE: GEMS), Pilbara Minerals Limited (OTC: PILBF), American Lithium Corp. (OTC: LIACF), Albemarle Corporation (NYSE: ALB), Lake Resources N.L.
(OTC: LLKKF)
Lithium proved to be an essential mineral for the electrification of vehicles as LiOH, a white hygroscopic crystalline material and an inorganic compound, is mostly used by lithium-ion battery manufacturers.
"Broadening our partnership with MRL would allow us to expand lithium conversion capacity with increased optionality and reduced risk to help meet our global customers' growing need for high-quality, reliable lithium supply."
"Optimisation work continues on site; Lilac anticipate the first samples of Lithium Chloride will be shipped for conversion to Lithium Carbonate within two weeks."

The Constant of the Cannabis Market Generates Need for Intoxication Detection Devices

Retrieved on:

Monday, November 7, 2022

NEW YORK, Nov. 7, 2022 /PRNewswire/ -- Presently, the medical cannabis sector accounts for a majority of the market share, as progress is slowly being made in removing the stigmas associated with such products. Overall, the legal cannabis market is permeating throughout the U.S. states and is helping to create a multi-billion-dollar industry. While medical cannabis still dominates that broad cannabis marketplace, the growing awareness and legalization efforts are expected to further propel the overall industry forward. In 2020, legal cannabis sales in the U.S were up 46% from 2019, reaching a new record of USD 17.5 Billion, according to cannabinoid market research firm BDSA. Cannabix Technologies Inc. (OTC: BLOZF) (CSE: BLO), SNDL Inc. (NASDAQ: SNDL), Tilray Brands, Inc. (NASDAQ: TLRY), Cronos Group Inc. (NASDAQ: CRON), Aurora Cannabis Inc. (NASDAQ: ACB)

Key Points:

Overall, the legal cannabis market is permeating throughout the U.S. states and is helping to create a multi-billion-dollar industry.
While medical cannabis still dominates that broad cannabis marketplace, the growing awareness and legalization efforts are expected to further propel the overall industry forward.
The Company's proprietary breath capture and laboratory-based marijuana detection equipment (as described below) will be used to collect and confirm THC in breath samples.
The Cannabix BCU can be used to collect time of stop breath samples immediately upon suspicion of cannabis use by a driver.

E-Commerce Solutions Grow in Popularity Around the World

Retrieved on:

Monday, November 7, 2022

NEW YORK, Nov. 7, 2022 /PRNewswire/ -- The e-commerce market continues to grow exponentially. According to data provided by Shopify, two years ago, only 17.8% of sales were made from online purchases. That number is expected to reach 21% in 2022, a 17.9% increase in e-commerce market share over two years. Growth is expected to continue, reaching 24.5% by 2025, which translates to a 6.7% increase in just five years. The number of active online stores around the world is rising in large part due to better internet infrastructure in emerging markets and thanks to an increasingly wide range of products that are now being sold exclusively online. And, according to research by eMarketer, online retail sales will reach USD 6.17 Trillion by 2023, with e-commerce websites taking up 22.3% of total retail sales. Jowell Global Ltd. (NASDAQ: JWEL), Etsy, Inc. (NASDAQ: ETSY), JD.com, Inc. (NASDAQ: JD), Shopify Inc. (NYSE: SHOP), Alibaba Group Holding Limited (NYSE: BABA)

Key Points:

"Alibaba, JD.com and Pinduoduo will command 83.6% of the retail ecommerce market in 2020, compared with 80.3% last year.
Jowell Global Ltd.(NASDAQ: JWEL )just announced breaking news regarding its, "unaudited financial results for the third quarterended September 30, 2022.
Total revenues were $51.4 million, an increase of 17.2% from $43.8 million in the same period of 2021.
GMV in Q3 were $66.8 million, up 7.8% year over year, while total revenue grew by 17.2% year over year reaching $51.4 million.

Demand for Lithium Buoyed by the Growing Electrification of Vehicles

Retrieved on:

Monday, November 7, 2022

NEW YORK, Nov. 7, 2022 /PRNewswire/ -- The electrification of vehicles is still in its infancy stage, and it is projected to attract a significant volume of lithium-ion batteries. Lithium-ion batteries are heavily adopted due to their compact size, rechargeability, recyclability and high-density energy output. As a result, such batteries are largely used in electric vehicles (EVs). Government subsidies for EVs, along with investments in this space, are likely to act as an additional booster to the growth of the market. Geographically, the Asia Pacific region dominated the market as it held the largest volume share of 56.3% in 2020, owing to the rapidly developing automotive, glass, and consumer goods industries in countries such as China, Japan, South Korea, and India. According to Grand View Research, the global lithium market size was valued at USD 6.83 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 12.0% from 2022 to 2030. Infinity Stone Ventures Corp. (OTC: GEMSF) (CSE: GEMS), Pilbara Minerals Limited (OTC: PILBF), American Lithium Corp. (OTC: LIACF), Albemarle Corporation (NYSE: ALB), Lake Resources N.L. (OTC: LLKKF)

Key Points:

Infinity Stone Ventures Corp. (OTC: GEMSF) (CSE: GEMS), Pilbara Minerals Limited (OTC: PILBF), American Lithium Corp. (OTC: LIACF), Albemarle Corporation (NYSE: ALB), Lake Resources N.L.
(OTC: LLKKF)
Lithium proved to be an essential mineral for the electrification of vehicles as LiOH, a white hygroscopic crystalline material and an inorganic compound, is mostly used by lithium-ion battery manufacturers.
"Broadening our partnership with MRL would allow us to expand lithium conversion capacity with increased optionality and reduced risk to help meet our global customers' growing need for high-quality, reliable lithium supply."
"Optimisation work continues on site; Lilac anticipate the first samples of Lithium Chloride will be shipped for conversion to Lithium Carbonate within two weeks."

The MarketWatch 50: Meet the Most Influential Market Movers of 2022

Retrieved on:

Tuesday, November 1, 2022

Crypto, MarketWatch, Publication, Stock market simulator, GLOBE, Work, 50, Dow Jones, Nasdaq, NWS, The Wall Street Journal, Financial News, NWSA, Behavior, News Corp, Investor, Computer, Public relations

The MarketWatch 50 is made up of people whose actions, work and opinions are reverberating through these financial markets, said MarketWatch Managing Editor for Enterprise Nathan Vardi.

Key Points:

The MarketWatch 50 is made up of people whose actions, work and opinions are reverberating through these financial markets, said MarketWatch Managing Editor for Enterprise Nathan Vardi.
The list is divided into five categories: Traders & Investors; Policymakers; Corporate Chiefs; Money Mavens and Crypto Players.
To create The MarketWatch 50, MarketWatch solicited nominations from readers and sources from across the entire newsroomincluding executives, analysts, personal finance experts, investors and policymakers.
MarketWatch is part of Barrons Group, which comprises a network of influential and innovative publications including Barrons, MarketWatch, Mansion Global and Financial News.

Widespread EV Adoption Lifts Demand for Lithium

Retrieved on:

Wednesday, November 2, 2022

NEW YORK, Nov. 2, 2022 /PRNewswire/ -- Lithium-ion batteries are being rapidly adopted due to their compact size, rechargeability, recyclability and high-density energy output. They are, among other things, a source of power for electric vehicles (EVs). Additionally, the growing awareness about the amount of carbon emissions released into the environment from automobiles has helped spur the adoption of electric vehicles around the globe. This, in turn, has put the onus on manufacturers to offer electric vehicles running on lithium-ion batteries, instead of adopting other battery alternatives due to their lightweight nature, high energy density, and low cost. Now, it is expected that the global lithium-ion battery market will grow at a CAGR of around 26.04% to reach a value of around USD 160.21 Billion by 2026, having stood at USD 42.30 Billion in 2020, according to Research and Markets. Infinity Stone Ventures Corp. (OTC: GEMSF) (CSE: GEMS), Snow Lake Resources Ltd. (NASDAQ: LITM), Standard Lithium Ltd. (NYSE: SLI), Lordstown Motors Corp. (NASDAQ: RIDE), Li Auto Inc. (NASDAQ: LI)

Key Points:

Infinity Stone Ventures Corp.(OTCQB: GEMSF) (CSE: GEMS) provided last week, "an exploration update on its Camaro and Hellcat Lithium Project (the "Camaro - Hellcat Project") adjacent to Patriot Battery Metals' ("PMET" or "Patriot") Corvette Lithium Discovery in the James Bay Lithium District of Quebec.
Standard Lithium Ltd.(NYSE: SLI ) provided an update last weekon its commercial development activities inEl Dorado, Arkansas.
The technology is housed in a self-contained unit and takes the lithium chloride feed produced by the Company's existing Direct Lithium Extraction (DLE) Demonstration Plant; it then converts this feed directly into a lithium hydroxide solution using a novel ion-exchange process.
The lithium hydroxide solution generated by the Hydroxide Pilot will be sent offsite to another location operated by the third-party vendor to complete evaporation and crystallization work to produce battery quality lithium hydroxide.

Widespread EV Adoption Lifts Demand for Lithium

Retrieved on:

Wednesday, November 2, 2022

NEW YORK, Nov. 2, 2022 /PRNewswire/ -- Lithium-ion batteries are being rapidly adopted due to their compact size, rechargeability, recyclability and high-density energy output. They are, among other things, a source of power for electric vehicles (EVs). Additionally, the growing awareness about the amount of carbon emissions released into the environment from automobiles has helped spur the adoption of electric vehicles around the globe. This, in turn, has put the onus on manufacturers to offer electric vehicles running on lithium-ion batteries, instead of adopting other battery alternatives due to their lightweight nature, high energy density, and low cost. Now, it is expected that the global lithium-ion battery market will grow at a CAGR of around 26.04% to reach a value of around USD 160.21 Billion by 2026, having stood at USD 42.30 Billion in 2020, according to Research and Markets. Infinity Stone Ventures Corp. (OTC: GEMSF) (CSE: GEMS), Snow Lake Resources Ltd. (NASDAQ: LITM), Standard Lithium Ltd. (NYSE: SLI), Lordstown Motors Corp. (NASDAQ: RIDE), Li Auto Inc. (NASDAQ: LI)

Key Points:

Infinity Stone Ventures Corp.(OTCQB: GEMSF) (CSE: GEMS) provided last week, "an exploration update on its Camaro and Hellcat Lithium Project (the "Camaro - Hellcat Project") adjacent to Patriot Battery Metals' ("PMET" or "Patriot") Corvette Lithium Discovery in the James Bay Lithium District of Quebec.
Standard Lithium Ltd.(NYSE: SLI ) provided an update last weekon its commercial development activities inEl Dorado, Arkansas.
The technology is housed in a self-contained unit and takes the lithium chloride feed produced by the Company's existing Direct Lithium Extraction (DLE) Demonstration Plant; it then converts this feed directly into a lithium hydroxide solution using a novel ion-exchange process.
The lithium hydroxide solution generated by the Hydroxide Pilot will be sent offsite to another location operated by the third-party vendor to complete evaporation and crystallization work to produce battery quality lithium hydroxide.

Companies Look to Innovate and Develop New Lithium-Ion Battery Technology

Retrieved on:

Monday, October 31, 2022

NEW YORK, Oct. 31, 2022 /PRNewswire/ -- The growth of the Li-Ion battery (LIB) market has led to a rise in demand for lithium. LIBs are a crucial component in the development of a future energy infrastructure. For example, the battery of a Tesla Model S has about 12 kilograms of Li in it, while grid storage solutions are currently being built to make renewable energy more affordable and reliable. EVs are promoted as a sustainable transportation choice on account of life-cycle basis, as they emit fewer GHG than conventional vehicles. For instance, Tesla is planning for next-generation EV batteries that would focus on introducing Li-iron phosphate batteries to market. This will cut the vehicle costs, extend the vehicle range up to 400 miles or more, and enable the batteries to last as long as 1 million miles. And, according to data provided by Fortune Business Insights, the global lithium market size was USD 3.64 billion in 2020 and is expected to reach USD 6.62 billion in 2028 at a CAGR of 8.1% during the 2021-2028 period. Infinity Stone Ventures Corp. (OTC: GEMSF) (CSE: GEMS), Sociedad Química y Minera de Chile S.A. (NYSE SQM), Piedmont Lithium (NASDAQ: PLL), SIGMA Lithium Corporation (NASDAQ: SGML), QuantumScape Corporation (NYSE: QS)

Key Points:

The price of cobalt, which was $32,000 per ton at the end of 2017, spiked at $82,000 last spring.
The strategic relationship brings together two companies leading in technology innovation focused on accelerating clean energy adoption and reducing global carbon emissions.
The companies will collaborate on what they believe to be a first-of-its-kind solution to incorporate QuantumScape's battery technology into Fluence stationary energy storage products as specific technical and commercial milestones are met.
FinancialBuzz.com has not been compensated directly by any of the companies mentioned here in this editorial unless mentioned otherwise.

Companies Look to Innovate and Develop New Lithium-Ion Battery Technology

Retrieved on:

Monday, October 31, 2022

NEW YORK, Oct. 31, 2022 /PRNewswire/ -- The growth of the Li-Ion battery (LIB) market has led to a rise in demand for lithium. LIBs are a crucial component in the development of a future energy infrastructure. For example, the battery of a Tesla Model S has about 12 kilograms of Li in it, while grid storage solutions are currently being built to make renewable energy more affordable and reliable. EVs are promoted as a sustainable transportation choice on account of life-cycle basis, as they emit fewer GHG than conventional vehicles. For instance, Tesla is planning for next-generation EV batteries that would focus on introducing Li-iron phosphate batteries to market. This will cut the vehicle costs, extend the vehicle range up to 400 miles or more, and enable the batteries to last as long as 1 million miles. And, according to data provided by Fortune Business Insights, the global lithium market size was USD 3.64 billion in 2020 and is expected to reach USD 6.62 billion in 2028 at a CAGR of 8.1% during the 2021-2028 period. Infinity Stone Ventures Corp. (OTC: GEMSF) (CSE: GEMS), Sociedad Química y Minera de Chile S.A. (NYSE SQM), Piedmont Lithium (NASDAQ: PLL), SIGMA Lithium Corporation (NASDAQ: SGML), QuantumScape Corporation (NYSE: QS)

Key Points:

The price of cobalt, which was $32,000 per ton at the end of 2017, spiked at $82,000 last spring.
The strategic relationship brings together two companies leading in technology innovation focused on accelerating clean energy adoption and reducing global carbon emissions.
The companies will collaborate on what they believe to be a first-of-its-kind solution to incorporate QuantumScape's battery technology into Fluence stationary energy storage products as specific technical and commercial milestones are met.
FinancialBuzz.com has not been compensated directly by any of the companies mentioned here in this editorial unless mentioned otherwise.