Tuesday, 31 May 2016

Lithium 2.0 Launch: Security Of Supply - Galaxy Resources To Buy General Mining In Lithium Takeover.



  This chart of lithium price in China is keeping awake at night very many people now in our very small industry. Quite a lot of them have totally missed the launch of Lithium 2.0 and now security of supply is the major geopolitical issue. Tesla is still relying on Panasonic to supply lithium cells and a lot of people are relying on the "Lithium Found in Nevada" under Tesla's Gigafactory floor.
  Ganfeng Lithium: $4.5 billion giant from China is the strategic partner of International Lithium and now financing two of our J/V operations in Ireland and in Argentina. We are going where Lithium is and not just the hype around it. As we have discussed before, Lithium 2.0 is now for real as we have the real electric cars finally on the road and GM Bolt and Tesla Model 3 bring us mass market for electric cars.  Cheap lithium batteries change everything. Exponential growth in EVs sales is following by deployment of Energy Storage now.
  This Lithium M&A is pointing out another very important quality of Lithium 2.0 Launch: separation of dreams from the real people with the real projects, capital and technology to put them forward. There are only very limited number of quality lithium projects and even less capable teams with access to the capital and technology, like in the case of International Lithium and Ganfeng.
  Galaxy is back from after the death experience and moves into the "New Lithium Top Six" taking over the "Old Lithium Big Three". Albemarly, SQM and FMC are being chased by very aggressive Ganfeng Lithium and Tianqi from China. Now we can add Galaxy to this very small space for investors to play around with security of lithium supply for the future when all cars will be electric. That chart of lithium price shows what is happening when in the last 5 years out of 80k T of LCE expected new production annually only 18k T was put on-line and when Gigafactory and Megafactories are only coming on. 
  Now is time to check out the Gigafactories Game of Lithium Demand: 

Before we were talking about: 

1. Tesla Gigafactory 1 with 35 GWh and cost $5bn in Nevada, US.
2. LG Chem with 7 GWh and cost $0.5bn in China.
3. FOXCONN with 15 GWh and cost  $0.81bn in China.
4. BYD with 20 GWh in China - Warrenn  Buffett owns a stake in BYD, leader of EV sales in China.
5. Boston Power 10 Gwh in China - Ganfeng Lithium ILC partner owned 10% of Boston Power.

Total: 87 GWh - point of reference: total world lithium batteries production in 2013 was 35 GWh.

Now we have to add here:

- 17 lithium battery start ups in China, totally unquantifiable number and I will leave it out as speculative. 

6. BYD plants in Brazil and Argentina.
7. Panasonic in China.
8. LG Chem in Europe.
9. Mercedes in Europe.
10. A123 in Europe.
11. BMZ with 30 GWh planed capacity in Germany, Europe.
12. Volkswagen with $11.2 cost planed in Germany, Europe.

Total: more than 117 GWh of new lithium batteries capacity. 

  Now you can appreciate that my scenario of lithium demand doubling within next 5 years as the conservative one. Only Tesla with its plan of 1 million EVs produced by 2020 will consume at least 60 GWh of lithium batteries capacity assuming the average of 60 KWH batteries per EV. Knowing the Elon Musk's maniacal insistence on producing the most of all components in-house, we can add Gigafactory 2 in Europe as well to the list above.
  Where all this lithium will come from? This is the very good question to ask the best experts at coming Benchmark Minerals Intelligence Lithium Batteries Supply Tour 2016, which will start in London on June 6th at UBS. I will give you a teaser and few links on this blog to dig out your own conclusion.  Albemarle is the top lithium producer now. SQM is struggling with political issues, FMC is struggling with lithium production and both are producing Lithium for less than 20% of revenue. It means that even if you can technically produce more, you have to sell 80% more of other products as fertilisers as well. Ganfeng and Tianqi are taking the market by the storm and both are in fierce competition. Now Tianqi controls Talison with Abemarle (Abemarle has acquired Rockwood Lithium) and Ganfeng is buying lithium spodumene from Talison and lithium brine concentrate from SQM. It is not very well constructed base for the exponential growth and at AGM on 21st of September 2015 Ganfeng Lithium has officially informed its shareholders: "its major risk is the security of lithium supply." Ganfeng has invested in Neometals and approved budgets for International Lithium J/V projects in Ireland and Argentina. Ganfeng owns 15% stake in International Lithium. The presentations below will provide you with more initial information for your due diligence. 


International Lithium At Wentworth 2016 Presentation.




CEO-Roaster With International Lithium Corp.: Building A Green Energy Metals Royalty Company.




  It took International Lithium 7 years of building its Lithium business and 5 years of partnership with Ganfeng Lithium: $4.5 billion market cap giant from China - to receive this acknowledgement to celebrate our 5th IPO anniversary: Watch the video."


"Ganfeng has a strong commitment to supply Lithium product to various industries worldwide,” stated Ganfeng’s Director, Wang Xiaoshen, “so we clearly have a vested interest in these projects and have been very hands-on in the evaluation of ILC’s properties. Our company is the only one in the world that has commercial production capacities to extract Lithium from both brine and spodumene, and we continually implement cutting-edge technologies to our processes. I feel confident that this is a fit for our operations and the potential these projects hold."




Race For Renewable Energy Technologies Charges Lithium Market. Chinese Lithium Leader Secures Supply Sources.







  Here is the link to answer all your questions why Lithium will power us for the next 50 years and after that Robots:



Lithium-Air Battery Breakthrough Will Make Diesel And Petrol Cars Obsolete.














Please carefully read my legal disclaimer, nothing on this blog represents investment and/or tax advice. Please always consult your qualified financial adviser before making any investment decisions. 



Bloomberg:


  • Project developers race to deliver new supply as demand booms
  • Companies see merger supporting plans to expand production

    Galaxy Resources Ltd., an Australian lithium developer, agreed to acquire joint-venture partner General Mining Corp. in a deal that values its target at A$216 million ($155 million). Shares in the two companies surged.
    Perth-based Galaxy offered 1.65 new shares for each General Mining share it doesn’t already own, it said in a statement Monday. The boards of both companies unanimously support the merger, according to the statement. The combined entity will have hard-rock and brine-based lithium projects in Australia, Canada and Argentina.
    Developers of lithium projects are racing to bring new supply to market amid soaring prices. Growth in electric vehicle sales is forecast to double demand for the material in the next five years, Liberum Capital Ltd. said in a May 27 note. Production in China of electric vehicles, which use lithium ion batteries, rose more than 280 percent in 2015, according to Citigroup Inc. on May 9.




    General Mining was seeking to begin exports of the lithium-bearing mineral spodumene from Western Australia’s Mt. Cattlin project as soon as July, its chairman Michael Fotios said in a February interview. The company has a 14 percent stake in the project, with Galaxy holding the remainder, Galaxy said in an April presentation.
    “Our ability to capture future growth opportunities in the rapidly evolving lithium market will be significantly enhanced by this merger,” Fotios, who will become a director of the new company, said in the statement Monday. Galaxy’s managing director, Anthony Tse, and chairman, Martin Rowley, will assume the same positions in the enlarged entity.
    Prices of lithium carbonate may stabilize from the second half as new supply comes online, Citigroup analysts including Jack Shang wrote in the May report. Global output may exceed 460,000 metric tons a year in 2020 if all slated projects proceed, compared to production of 189,000 tons last year, the analysts wrote.
    Galaxy advanced 11 percent in Sydney trading to 44 Australian cents, while General Mining rose 15 percent to 71 cents."



  

Monday, 30 May 2016

DieselGate Mea Culpa: Volkswagen Planning $11.2 Billion Battery "Gigafactory", Can Use Lithium Solid State Technology.



  Lithium is getting hot in Europe now after the best advertisement campaign by Volkswagen DieselGate for Electric Cars. LG Chem, Mercedes, A123 and BMZ are already building lithium batteries factories in Europe and Volkswagen is joining the lithium race. The size of investment $11.2 billions is more than twice of  Tesla Gigafactory $5 billion, but we do not have any production capacity data yet. Tesla Gigafactory plans to produce 35 GWh of lithium batteries and Europe's largest so far, before Volkswagen plans  - was BMZ production facility with total planed capacity of 30 GWh.
  The most interesting is the mentioning of Lithium Solid State technology.  Now we have Elon Musk working on it at Tesla Gigafactory, Dyson has promised $1 billion of investment to commercialise Sakti3 LSS technology and now Volkswagen can throw another dozens of billions of dollars to fuel lithium race. The result will be mass production of lithium batteries and prices falling down to $100 per kWh and cheap lithium batteries change everything.


Cheap Lithium Batteries Change Everything: EVs Sales Rising Exponentially And Solar Energy Storage Next.



InsideEVs.


  "InsideEVs brings to our attention the major driving force behind the exponential growth of sales for EVs from the very low base.  Cheap lithium batteries change everything. Tony Seba is the best to explain why all cars will be electric by 2030.Elon Musk with Tesla Motors is doing this trick and now Tesla Model 3 will ignite the real transition to the best cars which just happen to be electric. 
  Oil and Auto industry are poisoned by their own toxic cancer hazard emissions from diesel and gas powered ICE engines and still in denial at their own peril about the dramatic shift in technology  announced by Elon Musk last month. Now even truly rEVolutionary estimations for the cost of lithium batteries by Tony Seba are not relevant any more. 
  Elon Musk has announced that Tesla can already produce lithium battery with all-in cost of $190 per kWh. Mass production of batteries at Gigafactory will bring cost even lower, next stage will be Lithium Solid State with prices at $100 per kWh and Tesla Model S and X with over 500 miles range. I believe that Elon Musk is already working on LSS at Gigafactory. Dyson has joined the lithium race as well and bought out Lithium Solid State pioneer Sakti3 with promise to invest $1 Billion to commercialise this technology. Lithium Air is still years away from the field applications, but this lithium technology promises to bring us batteries with cost below $100 per kWh and electric cars with 1,000 miles range. Solar Energy Home and Utility Storage Systems will benefit next from this dramatic decrease in technology cost and will become even larger market for lithium based batteries. We are talking here about disruption of $4 Trillion Transportation and $8 Trillion Energy Industries. Lithium is the magic metal at the very heart of this Energy rEVolution.
  International Lithium continues to build vertically integrated lithium business with $4.5 Billion MC giant from China Ganfeng Lithium and now we have 3 Lithium projects in our Upper Canada Pool to secure lithium supply for the West and North American market. Read more."







International Lithium At Wentworth 2016 Presentation.






How Do You Call Lithium In Germany? German Firm Opens First Phase Of Europe’s Biggest Battery Factory.



Charged.


  Germany is rushing into the lithium race after Volkswagen's best advertisement campaign for electric cars. BMZ lithium battery factory is not as big as Tesla's Gigafactory, but total amount of lithium batteries at 30 GWh is very impressive. Tesla Gigafactory will produce 35 GWh and it was the total amount of lithium batteries all world has produced in 2013! We are in the generational switch from 2 to 7,000 and it will be the groundbreaking catalyst for lithium technology. Mass production of batteries will bring costs down and cheap lithium batteries will change everything for $12 Trillion Transportation and Energy Industries. Tesla Model S has already outsold all great German auto luxury brands: Audi 8 BMW 7 and Mercedes S Class in 2015! So how do you cal Lithium in German once again? Read more."



Ireland Lithium For Europe: ILC And Ganfeng - Germany Plans $1.4 Billion In Incentives For Electric Cars.







 This is really big news for us at International Lithium and Ganfeng - finally Germany is putting its act together. CNBC is on all morning on Volkswagen - New York Times reported that there was a Power Point Presentation in 2006 how to cheat on emissions. It is only the beginning of AutoGate - all autos cannot comply with any limits in the real driving conditions. Now Mercedes is under investigation, FIAT, PSA Peugeot, Mitsubishi was rigging fuel consumption data from ... 1991! What does it mean? It means that when you account all costs properly Electric Cars are already cheaper than ICE age once with much better performance. The problem is that we do not have enough good ones.  People are buying all they can get from Tesla Motors. Tesla Model S has already outsold in Europe Audi 8, BMW 7 and Mercedes S in 2015!

  This is the real news without hype: people will buy more EVs now. Germany is igniting the EV boom in Europe's largest auto-market. India, Norway, Netherlands and Austria are all considering banning any new ICE cars to be sold in 2020s! Now the question is how to build millions of electric cars and fast. Daimler, LG Chem and A123 are building lithium batteries factories in Europe now. Tesla is talking to Germany and France on the next Tesla Gigafactory 2 location in Europe. From the last year I am calling for Elon Musk to come to Ireland where we are developing Avalonia J/V with Ganfeng Lithium. In my very personal opinion Ganfeng should be building its own lithium production plant in Ireland right at the doorstep of Europe. After Apple's melt down on the slowing sales of iPhones there are a lot of calls for it to buy into the Next Big Thing and buy Tesla. The automakers that can strike a strategic alliance with Tesla Motors and buy Tesla Model 3 lithium technology and power-trains will make millions of electric cars and take the market over. Will it be China again with its military plan to dominate the post carbon economy after this Next Industrial rEVolution in Energy?
          

International Lithium And Ganfeng Lithium Commence Drilling At The Avalonia Lithium Project, Ireland.





  Volkswagen has made the best advertisement campaign for electric cars and Elon Musk with 325,000 orders for Tesla Model 3 in one week has shown that people are ready to buy best electric cars. Now we have a very good problem: how to make millions of EVs for all of us and fast. While Elon Musk is negotiating the best next location for Tesla Motors Factory and Gigafactory 2 in Europe, LG Chem, Daimler and A123 are all building lithium batteries facilities in EU already. Ganfeng Lithium has avery strong presence in Europe and now we are knocking on the doors to the one of the largest auto-markets in the world and building together Vertically Integrated Lithium Business to feed the Energy rEVolution. At international Lithium we have started early and acquired Avalonia lithium project in 2009. Now after years of due diligence by Ganfeng Lithium and millions of dollars in investments into the project we are drilling the defined targets to make the next step towards the economic assessment of the deposits on our property. Our J/V is fully financed by giant from China Ganfeng Lithium. Now International Lithium has active ongoing developments on all three continents: with Ganfeng Lithium from China in Ireland and Argentinaand with Pioneer Resources from Australia in Canada.

"Mr. Kirill Klip, President, International Lithium Corp. comments, “The Avalonia project joint venture, fully funded by strategic partner Ganfeng Lithium Co. Ltd., (“GFL”), could be of strategic importance to the European Union should a sufficient resource be identified. Clean fuel technologies for motor vehicles are becoming increasingly important to the European Economic Community to tackle climate change and the air pollution crisis in major urban areas. Lithium technology will play a major role when it comes to providing batteries for communication devices, electric vehicles and utility storage systems. Renewable sources of energy such as solar and wind power will also benefit from lithium battery technologies and become more commonplace as the problem of intermittency will be addressed providing steady power from these sources 24/7.” Read more.




Electric Vehicle News:

Volkswagen planning €10 Billion battery Gigafactory 

"Volkswagen is considering building a multi-billion-euro battery factory as part of a major expansion of its electric-car portfolio, Handelsblatt has learned from company sources.
The factory would allow VW to operate independently of Asian firms like Panasonic, LG and Samsung that have dominated the battery market to date.
VW Chief Executive Matthias Müller and his team are currently working on a new strategy to increase electric car sales in the coming 10 years to 1 million. The non-executive supervisory board will consider the plans before the Wolfsburg-based firm’s annual meeting on June 22.
The aim of the new plans in part is also to put the recent “Dieselgate” scandal over cheating emissions tests behind it. The hope is that focusing on battery technology and electric cars can help the beleaguered company make a fresh start and improve its negative image.
German news agency DPA said it was told such a facility could cost up to 10 billion euros ($11.2 billion), with Salzgitter in the German state of Lower Saxony being a likely location for the unit.
Building a new battery factory would also allow VW to take a leadership role in the development of the new technology. The company’s executive board looks likely to approve the plan, which is also supported in principle by the works council and the state of Lower Saxony, its major shareholder, sources said.
VW invested in solid-state battery startup QuantumScape in late 2014 and have publicly statedthey expect the technology can deliver 700 km range. VW is also targeting a 66 percent cost reduction by using a single battery module design for all of its electrified vehicles.
“We want to launch a major initiative, one that will put us at the top of the industry,” said one insider familiar with the plans.
To date one of the main reasons established automakers have been reluctant to move into high volume EV manufacture is having to outsource battery production. Where the largest cost component in an internal combustion car is the engine itself, which virtually all automakers build in-house, in an EV it is the battery that is the most expensive component. Automakers need to vertically integrate battery production into their manufacturing process in order to make EVs profitable."

Sunday, 29 May 2016

Lithium Race With Tesla Model 3: Watershed Moment In The History Of Electric Cars With Canadian Spin.



 Tesla Model 3 is the real watershed moment for the history in the making of electric cars. This video podcast dissects all available news about Tesla Model 3 and the history of its making by Tesla Motors. Elon Musk and Tesla drives really religious following among its customers and became the trully "Inspirational Brand". When Tesla Model 3 buyers start to promote the idea of EVs you know that it is for real this time. Electric cars are here and mass market for EVs is coming now. 
   I have placed a few links below connecting the latest development in Lithium Technology with Tesla Gigafactory and Lithium supply. China is rising and will become the largest EVs market already this year. This will bring a lot of surprises to the auto-makers and general public. We will have very far reaching consequences after the latest breakthrough developments in lithium technology being applied to the largest auto-market in the world. The security of lithium supply becomes one of such geopolitical issues to be addressed by all major players.
  International Lithium continues to build vertically integrated lithium business with $4.5 Billion MC giant from China Ganfeng Lithium and now we have 3 Lithium projects in our Upper Canada Pool to secure lithium supply for the West and North American market.


Cheap Lithium Batteries Change Everything: EVs Sales Rising Exponentially And Solar Energy Storage Next.


InsideEVs.


  InsideEVs brings to our attention the major driving force behind the exponential growth of sales for EVs from the very low base.  Cheap lithium batteries change everything. Tony Seba is the best to explain why all cars will be electric by 2030.Elon Musk with Tesla Motors is doing this trick and now Tesla Model 3 will ignite the real transition to the best cars which just happen to be electric. 
  Oil and Auto industry are poisoned by their own toxic cancer hazard emissions from diesel and gas powered ICE engines and still in denial at their own peril about the dramatic shift in technology  announced by Elon Musk last month. Now even truly rEVolutionary estimations for the cost of lithium batteries by Tony Seba are not relevant any more. 
  Elon Musk has announced that Tesla can already produce lithium battery with all-in cost of $190 per kWh. Mass production of batteries at Gigafactory will bring cost even lower, next stage will be Lithium Solid State with prices at $100 per kWh and Tesla Model S and X with over 500 miles range. I believe that Elon Musk is already working on LSS at Gigafactory. Dyson has joined the lithium race as well and bought out Lithium Solid State pioneer Sakti3 with promise to invest $1 Billion to commercialise this technology. Lithium Air is still years away from the field applications, but this lithium technology promises to bring us batteries with cost below $100 per kWh and electric cars with 1,000 miles range. Solar Energy Home and Utility Storage Systems will benefit next from this dramatic decrease in technology cost and will become even larger market for lithium based batteries. We are talking here about disruption of $4 Trillion Transportation and $8 Trillion Energy Industries. Lithium is the magic metal at the very heart of this Energy rEVolution.
  International Lithium continues to build vertically integrated lithium business with $4.5 Billion MC giant from China Ganfeng Lithium and now we have 3 Lithium projects in our Upper Canada Pool to secure lithium supply for the West and North American market. Read more."







International Lithium At Wentworth 2016 Presentation.





Lithium Race Moves Into Ludicrous Mode: Elon Musk - Tesla Will Build 1 Million Electric Cars A Year By 2020.

  


  Now we can talk about mass market for electric cars for real! Despite all naysayers and enormous challengers Elon Musk accelerates our lithium race into ludicrous mode. Not only Tesla Model 3 will get this "Ludicrous Mode" option as well, but Tesla production estimates are now moved into that area. Elon Musk is talking about reaching 500,000 electric cars a year two years earlier now in 2018 and mind-boggling production rate increase for Tesla to 1,000,000 electric cars a year in 2020! 
  In order to comprehend the magnitude of this very complex manufacturing operation you have to check the production rate this year: in 2016 Tesla is aiming to deliver ... 80,000 to 90,000 EVs. Financial pundits are rushing to explain already how it cannot be done on time and that Tesla will need capital and short sellers are announcing their positions. Elon Musk response is a sleeping bag next to production line to check the quality of Tesla model X on-line. Life will never be easy for those who are making things to happen. Pundits will be pundits - they will continue to talk, Elon Musk will be Elon Musk - billionaire with the sustainable vision for this world to move forward and he will continue to make unbelievable and disrupt $12 Trillion Industry of Energy and Transportation. 
  And now he is not alone, in order to move really fast we need millions of electric cars being produced by 2020. Who will make them? Will Apple try at least to buy Tesla and put Elon Musk in charge of Energy rEVolution as its CEO? In combination with Foxconn's lithium batteries Megafactory, $800 million EV production plant being built in China and manufacturing base to produce millions of iPhones and iPads it could be a short cut to EV domination. Can BYD with warren Buffett on board strike a strategic alliance with Tesla? BYD is building a few lithium batteries Megafactories in China and Brazil. It is now the largest EV producer in China. Can Germans finally to wake up, that they do not have any real electric cars to show and do something with Elon Musk? 
  We can be sure only of two things here and now. First is that Elon Musk is "super smart" and he can see what we are talking about much better, his answer will surprise again and exceed all our expectations. And second, please take the latest Lithium Demand projections from everybody and throw them out in the window. We are moving from talking to walking - electric cars are still below 1% of auto sales world wide. 
  Now you can check the lithium price chart. It is not the matter of price any more - availability of lithium supply is crucial now. It is important that it will be enough. When everybody and their grandma will be moving into Coca Cola business, sugar becomes priceless. Lithium is the magic metal at the heart of this rEVolution and will power our sweet dreams. It is all easy in the end: just take the best people in the industry, 7 years of sweat and tears and you can see some recognition in the market. Next wave in our Lithium development industry will be the separation of the dreams and the real people with the dreams making real solid projects to work. Please remember, a lot of people will be talking, others were already long time walking. The development of lithium brine operations takes minimum 5 years and hard rock lithium mining makes people happy with 7-8 years full cycle from the discovery. International Lithium is moving its projects on 3 continents now with the best partners in the industry and Elon Musk helps us with his advice: Read more"


"This is our goal and we will be working hard to achieve it." Tesla Motors.







Lithium Race In The World's Largest Auto Market: Top Ten Electric Cars Showcased At 2016 Beijing Auto Show.





  What will happen if you take the largest auto market in the world and the latest lithium technology? China will have the solution how to leapfrog the ICE age technology of burning oil and straight into the post carbon economy with Electric Cars and Solar. The side effects will include Lithium price rising from $6,000 per LCE T to over $20,000 from the last summer. People are asking me: what will happen if Lithium price comes back down - and I am replying: what will happen if it is not? What will be the demand for Lithium? Nobody knows, expectations are that it will rise at least 100% in the next 5 years based on the coming lithium batteries Gigafactory and Megafactories, which are being built already. What will happen to demand for Lithium if all cars will be electric by 2030? What will be the price for Lithium in this case? 
  For me the question is that we have ENOUGH Lithium and in at the right time to make millions of electric cars very fast for all of us. Our Team at International Lithium continues its 7 years strong performance of acquiring the best lithium projects and developing them with the best strategic partners. Only now Mr Market is giving us some respect for the years of the very hard work. What will be the right price? Nobody knows. Do you remember the world just before the INTERNET? Now we are there again. The world is just before the INTERNET in Energy rEVolution. $12 Trillion dollars industries of Transportation and Energy are being disrupted, just find your own Apple, Google and Facebook in this market Mega Trend. 
  We will celebrate our international Lithium IPO 5th anniversary this month with three projects being drilled on the three continents. Giant from China, which has risen now to $3.9 Billon market cap -  Ganfeng Lithium is financing our J/Vs at Mariana brine lithium in Argentina and Avalonia hard rock lithium in Ireland. Pioneer Resources from Australia is on the fast track of exploration now on Mavis lithium and tantalum project in Canada. The future is electric, now we can Bottle The Electricity and use it when we want. The Sun is always there to make more of it and Elon Musk is showing us all the way. China is shining bright with all its might dedicated to dominate this space of the Next Energy rEVolution based on Solar and Electric Cars. Do you know that 28 companies are already making 51 models of electric cars in China?They are not Teslas yet, but are getting there and you can see the best of them in Beijing now. Read more."




Thursday, 26 May 2016

Electric Cars: How It's Made in U.S.A. - Tesla Model S Production Line.


  

  This is how electric cars are made in U.S.A. by Tesla. Now we have to make millions of electric cars like Tesla Model 3.  Tesla is aiming for total of 500,000 EVs produced in 2018 and 1,000,000 per year by 2020. It will demand much more and not only these smart robots, but new factories and more than just Gigafactory 1 for sure. Elon Musk will come with more surprises for us to show how it all can happen, like his announced groundbreaking all-in cost for lithium battery at $190 per kWh, Panasonic's commitment to invest more money to meet Tesla Model 3 incredible demand and easy raise of $1.5 Billion of the new capital allocated to advance of Model 3 production.  
   International Lithium continues to build vertically integrated lithium business with $4.5 Billion MC giant from China Ganfeng Lithium and now we have 3 Lithium projects in our Upper Canada Pool to secure lithium supply for the West and North American market.


Lithium Race Moves Into Ludicrous Mode: Elon Musk - Tesla Will Build 1 Million Electric Cars A Year By 2020.

  


  Now we can talk about mass market for electric cars for real! Despite all naysayers and enormous challengers Elon Musk accelerates our lithium race into ludicrous mode. Not only Tesla Model 3 will get this "Ludicrous Mode" option as well, but Tesla production estimates are now moved into that area. Elon Musk is talking about reaching 500,000 electric cars a year two years earlier now in 2018 and mind-boggling production rate increase for Tesla to 1,000,000 electric cars a year in 2020! 
  In order to comprehend the magnitude of this very complex manufacturing operation you have to check the production rate this year: in 2016 Tesla is aiming to deliver ... 80,000 to 90,000 EVs. Financial pundits are rushing to explain already how it cannot be done on time and that Tesla will need capital and short sellers are announcing their positions. Elon Musk response is a sleeping bag next to production line to check the quality of Tesla model X on-line. Life will never be easy for those who are making things to happen. Pundits will be pundits - they will continue to talk, Elon Musk will be Elon Musk - billionaire with the sustainable vision for this world to move forward and he will continue to make unbelievable and disrupt $12 Trillion Industry of Energy and Transportation. 
  And now he is not alone, in order to move really fast we need millions of electric cars being produced by 2020. Who will make them? Will Apple try at least to buy Tesla and put Elon Musk in charge of Energy rEVolution as its CEO? In combination with Foxconn's lithium batteries Megafactory, $800 million EV production plant being built in China and manufacturing base to produce millions of iPhones and iPads it could be a short cut to EV domination. Can BYD with warren Buffett on board strike a strategic alliance with Tesla? BYD is building a few lithium batteries Megafactories in China and Brazil. It is now the largest EV producer in China. Can Germans finally to wake up, that they do not have any real electric cars to show and do something with Elon Musk? 
  We can be sure only of two things here and now. First is that Elon Musk is "super smart" and he can see what we are talking about much better, his answer will surprise again and exceed all our expectations. And second, please take the latest Lithium Demand projections from everybody and throw them out in the window. We are moving from talking to walking - electric cars are still below 1% of auto sales world wide. 
  Now you can check the lithium price chart. It is not the matter of price any more - availability of lithium supply is crucial now. It is important that it will be enough. When everybody and their grandma will be moving into Coca Cola business, sugar becomes priceless. Lithium is the magic metal at the heart of this rEVolution and will power our sweet dreams. It is all easy in the end: just take the best people in the industry, 7 years of sweat and tears and you can see some recognition in the market. Next wave in our Lithium development industry will be the separation of the dreams and the real people with the dreams making real solid projects to work. Please remember, a lot of people will be talking, others were already long time walking. The development of lithium brine operations takes minimum 5 years and hard rock lithium mining makes people happy with 7-8 years full cycle from the discovery. International Lithium is moving its projects on 3 continents now with the best partners in the industry and Elon Musk helps us with his advice: Read more"


"This is our goal and we will be working hard to achieve it." Tesla Motors.







Lithium Race In The World's Largest Auto Market: Top Ten Electric Cars Showcased At 2016 Beijing Auto Show.





  What will happen if you take the largest auto market in the world and the latest lithium technology? China will have the solution how to leapfrog the ICE age technology of burning oil and straight into the post carbon economy with Electric Cars and Solar. The side effects will include Lithium price rising from $6,000 per LCE T to over $20,000 from the last summer. People are asking me: what will happen if Lithium price comes back down - and I am replying: what will happen if it is not? What will be the demand for Lithium? Nobody knows, expectations are that it will rise at least 100% in the next 5 years based on the coming lithium batteries Gigafactory and Megafactories, which are being built already. What will happen to demand for Lithium if all cars will be electric by 2030? What will be the price for Lithium in this case? 
  For me the question is that we have ENOUGH Lithium and in at the right time to make millions of electric cars very fast for all of us. Our Team at International Lithium continues its 7 years strong performance of acquiring the best lithium projects and developing them with the best strategic partners. Only now Mr Market is giving us some respect for the years of the very hard work. What will be the right price? Nobody knows. Do you remember the world just before the INTERNET? Now we are there again. The world is just before the INTERNET in Energy rEVolution. $12 Trillion dollars industries of Transportation and Energy are being disrupted, just find your own Apple, Google and Facebook in this market Mega Trend. 
  We will celebrate our international Lithium IPO 5th anniversary this month with three projects being drilled on the three continents. Giant from China, which has risen now to $3.9 Billon market cap -  Ganfeng Lithium is financing our J/Vs at Mariana brine lithium in Argentina and Avalonia hard rock lithium in Ireland. Pioneer Resources from Australia is on the fast track of exploration now on Mavis lithium and tantalum project in Canada. The future is electric, now we can Bottle The Electricity and use it when we want. The Sun is always there to make more of it and Elon Musk is showing us all the way. China is shining bright with all its might dedicated to dominate this space of the Next Energy rEVolution based on Solar and Electric Cars. Do you know that 28 companies are already making 51 models of electric cars in China?They are not Teslas yet, but are getting there and you can see the best of them in Beijing now. Read more."