Charging Ahead with #EV Growth Beyond Cars; #Lithium-ion
Batteries will Continue to Dominate; (NASDAQ: $TSLA) (NYSE: $ALB) (CSE: $TOP.C)
(OTCQB: $ENRT) (NYSE: $SU)
Point Roberts WA,
Delta BC – February 26, 2019 - Investorideas.com, a global investor
news source covering lithium and cleantech stocks issues a snapshot looking at
how the EV market is on an exponential growth curve, fuelled by both policy and
consumer demand.
“China is charging
full speed ahead into electric vehicles, on track to sell over 2 million
electric vehicles this year, from 1.1 million in 2018”, says Cleantechnia.
IDTechEX says the
demand for EV trucks and buses has only just started, especially in China.
Lithium-ion batteries will continue to dominate according to the report. “In a series of waves,
the storage demand is powering upwards to over $200 billion in 2029 with buses
and delivery vans already well into electrification.”
Read this in full at https://www.investorideas.com/news/2019/main/02261Stocks.asp
When discussing EV’s and lithium demand, one company
“driving” the conversation is Tesla Inc. (NASDAQ:TSLA). Tesla has been on an upward push
the last two years; for the three months ended September 30th, 2018 vs
September 30th, 2017 Tesla reported revenue of $6.8MM vs $2.9MM, up 128.65%,
with the estimated EPS forecast for the next fiscal year being $6.13 and is
expected to report on January 29th, 2020.
The success of Tesla has allowed lithium extractors and
producers to ride the same wave of success, but will there be enough lithium
fast enough to meet market demands, and if so which company will take the lead?
Albemarle Corporation (NYSE: ALB) reported very positive
results just last week for Q4 and the 2018 financial year. Fourth quarter net
sales were $921.7 million, an increase of 7% over the prior year; earnings were
$129.6 million, or $1.21 per diluted share, an increase of 162% over the prior
year.
"2018 was a successful year for
Albemarle on many fronts. Excluding divested businesses, we delivered full
year, total company adjusted EBITDA growth of 17%, adjusted diluted EPS growth
of 23% and we finished the year strong as all of our reportable segments
delivered growth in the fourth quarter. In addition, we returned significant
value to shareholders through increased dividends of $145 million and $500
million in share repurchases, while continuing significant growth investment in
our Lithium platform," said Luke Kissam, Albemarle's CEO. "Lithium
contributed just over 50% of our adjusted EBITDA, driven by 10% volume growth
and 9% pricing compared to 2017."
Less than 1.5 miles
from Albemarle’s Silver Peak Project, Enertopia Corporation (OTCQB: ENRT) (CSE: TOP) recently announced an update on their
synthetic solution testing.
Since Fall 2018, Enertopia has been running tests to
recover lithium in the most cost-effective manner from synthetic brine
solutions produced by leaching surface, lithium bearing claystones. To date, 32 solution tests have been run to
create a database that forms the building block for upcoming solution tests.
Their 3rd phase of solution testing is expected
to be in full swing by early March 2019 and will use drill core material from
the diamond drill holes from their recently completed drilling program and will
consist of 49 different sample intervals covering 397 feet of core.
Pre-pH adjustments have demonstrated positive outcomes as
contaminant minerals are greatly reduced allowing for a cleaner synthetic
lithium brine to be processed using off the shelf technologies and variants
developed by Entertopia.
The company's
technical advisors believe the positive testing to date may warrant patent
protection and thus the Company is keeping all internal data strictly
confidential at this time. The Company has signed several NDA’s with industry
partners as it works to reaching its goal of a low capex solution to battery
grade lithium production.
“With our positive
drill program completed, our focus and energy can turn to our solution testing
of the drilled lithium horizons. We continue to strive for a low-cost mining
and processing solution to unlock the potential value of the Lithium enriched
claystones,” stated CEO, Robert McAllister.
Big and small
investors are taking note of the traction the lithium market is gaining,
including Warren Buffet and Berkshire Hathaway who recently disclosed a 0.7% stake on February
14th into Suncor Energy Inc. (NYSE: SU) . And why? It fits into his EV strategy; one he started
years ago with BYD, that has grown to become China’s biggest sellers of EV’s.
Suncor just announced that Petro-Canada, a Suncor business, is
building a network of electric vehicle (EV) fast charging stations across the
country. “With more than 1,800
retail and wholesale locations across the country we have the network in place
to build Canada’s first electric highway, providing coast-to-coast EV charging
for our customers. We’re also investing in the fastest charging EV technology
available today, which will be able to easily upgrade as technology advances.”
With more positive
financial results and improved extraction technology like Enertopia is working
on, EV’s and lithium are finally on point to replace the energy technology of
the past; oil and gas.
Investor Ideas
directory of lithium stocks: mining stocks directory and cleantech stock directories, relating to
batteries.
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