Lithium Grid News: According to the OilPrice website, the electric car revolution is driving the development of lithium-ion batteries. Burba has revolutionized lithium processing technology.
Lithium Grid News: According to the OilPrice website, the electric car revolution is driving the development of lithium-ion batteries. By 2022, the market for lithium-ion forklifts will reach $67 billion – as long as the supply of energy continues, it will continue to thrive.
Fortunately, International Battery Metals (IBAT) is working to lead the economic transformation of lithium extraction.
The use of traditional exposure evaporation techniques to extract lithium from metal-rich salt lake lithium mines can take up to 24 months, while IBAT CEO John Burba says it takes only 24 hours to complete extraction. .
Not only that, traditional extraction technology can only achieve 40% lithium, and this new technology of IBAT can make lithium extraction rate as high as over 90%.
In 2014, when Burba's former company, Simbol Materials, was almost acquired, investors almost completely missed the genius of Burba. Later in 2018, Tesla Motors will exhaust the supply of all battery-grade lithium in the world when its Model 3 capacity in Gigafactory in Nevada reaches 500,000 units. Elon Musk has invested $325 million in Bomba's early startup, lithium extraction company Simbol Materials, to increase the supply of the latter.“This is a convincing opportunity to combine two start-ups to drive the development of global clean and sustainable energy technologies,” Musk said.
Today, a New York global investment bank estimates the company. The value is as high as $2.5 billion, which is seven times higher than the previous estimate of $325 million, reaching $2.5 billion. Fortunately for the company's investors, the deal was not completed, which is why the outside world is interested in International Battery Metals. The explosive development of the lithium industry
People are witnessing the rapid growth in demand for lithium in the global market. Lithium prices have nearly tripled since 2015, and in the Chinese spot market, lithium prices have risen from $6,500 per ton to $20,000. The skyrocketing price of lithium is only the beginning. In the next few years, the demand for lithium will increase significantly, which is a huge opportunity for investors. In the next two years, the global battery market will reach $120 billion. By 2030, the output of electric vehicles is expected to increase by 30 times, and the annual sales will increase from less than 1 million to 24.4 million.
The Tesla Model S's 70kWh battery pack contains 63Kg of lithium, equivalent to 10,000 lithium-ion batteries.Tesla's production capacity is at a critical point, and unfortunately, obtaining lithium from the Salt Lake lithium mine is a painful and slow process.
Traditional exposure evaporation techniques are quite time consuming and have a production cycle of more than 18 months. It takes at least four years for a lithium mine to go from production to production. To achieve saturation, it takes an additional three to four years.
Researchers at Sanford C. Bernstein & Co said that the total investment in new lithium mines will be between $350 billion and $750 billion, but even such a large investment will not guarantee sufficient lithium production. The transformation of lithium extraction technology
International Battery Metals is about to bring a solution to the problem, the technology it will bring will bring about 84 billion US dollars in the development of salt lake lithium resources, lithium production will be faster, the cost is also Will be lower. At present, lithium production requires evaporation for up to 18 to 24 months. After all other elements in the lithium ore are extracted, only lithium is left, and the mining is completed. The biggest problem is that it is very difficult to expand lithium production, and thousands of evaporation ponds need to be built. This new technology from IBAT is an anti-traditional method that removes the evaporation pond from the entire production process of lithium. This technology will reduce the extraction time to 24 hours. Even better, its lithium extraction rate will increase from 40% to 90%. John Bulba said: "Our technology can extract lithium directly. The core of the technology - Selective Absorption is the only commercially viable solution." The traditional method needs to remove the other in the lithium mine. Element, and this new technology can extract lithium directly from lithium ore.
ding to Burba, the core idea of this technology is to extract lithium based on the basis of continuity. This technology collects lithium in flowing brine brine and ignores other impurities, ultimately resulting in diluted lithium chloride. The entire extraction process takes 24 hours, which means people can say goodbye to the 18- to 24-month extraction cycle of traditional methods. This is undoubtedly a revolution in lithium refining technology.Burba said that the new technology will greatly meet the production needs of lithium batteries. New Opportunities of $84 Billion
It is estimated that lithium salt reserves account for about 66% of the world's 14 million metric tons of lithium reserves. Based on current prices, these minerals are worth $84 billion. With the breakthrough of the upcoming lithium extraction technology, International Battery Metals will become the fastest lithium production company in the world. Faster means higher production cost efficiency. While new entrants are still struggling with cost, IBAT's technology can match the cost of the three lowest-cost lithium producers. The three major lithium producers include Albemarle Corp, Sociedad Quimica y Minera de Chile and FMC. This is a huge opportunity, and the lithium industry is also paying attention. An experienced lithium pioneer team
Inventor John Bulba is about to serve as chairman and CEO of IBAT, an experienced lithium extraction expert. He will lead a team of engineering experts to further improve the new extraction technology acquired by IBAT. IBAT's newly acquired technology is actually based on the technology that Burba invented and sold in the 1990s, when he was the chief technologist of the lithium giant FMC. FMC has been using the same technology for nearly 20 years, and the company is responsible for making the world's purest lithium carbonate. The company even got its own lithium label: "FMC-grade" lithium carbonate. Since then, Burba has made great progress in core technology, mainly in terms of extraction efficiency, cost and purity.
Robert Miller will work with IBAT to raise funds. Robert Miller has raised $500 million in early funding and has been involved in the listing of seven companies, including NASDAQ and American Express. He is also the founder of the gold mining company Crystallex. Burba has revolutionized lithium processing technology. With his new iconic team, he has the potential to succeed again: releasing $84 billion worth of lithium. Conclusion
Global demand for lithium is rising dramatically. Battery demand is expected to grow by 7.7% to $120 billion by 2019, which is a huge market. What the world needs now is ample supply of high-quality lithium to drive demand for batteries. With the popularity of electric vehicles, by 2022, the lithium battery market will reach 46 billion US dollars. The technology acquired by International Battery Metals may change the rules of the game. It can continuously extract more than 90% of lithium from lithium salts by a technique that has little impact on the environment. In addition, the extraction device can also be used for resource expansion or new resources.