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Energy & Critical Metals

A Growing Demand and Pandemic Supply Disruptions are Driving Up Lithium Prices

The lithium market started this year with numerous price increases…



A Growing Reliance on EVs is Driving Demand for Lithium

PR Newswire News Commentary

NEW YORK, Jan. 14, 2022 /PRNewswire/ — The lithium market started this year with numerous price increases. Additionally, the production of lithium, like other raw materials, is failing to keep up with demand. In fact, demand for lithium has been skyrocketing in recent years, since it is a material that is required for the development of batteries for electric vehicles (EVs). And now, this market is facing further economic challenges including limited plant maintenance and pandemic-related labor shortages in Australia. “The lithium market is extremely tight at present, so spot prices are very sensitive to any supply disruptions,” Alice Yu, analyst at S&P Global Market Intelligence, wrote in an email, according to a report by Bloomberg. Foremost Lithium Resource & Technology Ltd. (CSE: FAT) (OTC: FRRSF), Snow Lake Resources Ltd. (NASDAQ: LITM), Fisker Inc. (NYSE: FSR), QuantumScape Corporation (NYSE: QS), Standard Lithium Ltd. (NYSE: SLI)

While the EV industry remains in its infancy even as battery technology advances, demand for lithium in the sector is only expected to accelerate. According to data provided by Allied Market Research, the global electric vehicle market was valued at USD 162.34 Billion in 2019, and is projected to reach USD 802.81 Billion by 2027 while registering a CAGR of 22.6%. Geographically, the Asia-Pacific region has been the highest revenue contributor, accounting for USD 84.84 Billion in 2019, and is estimated to reach USD 357.81 Billion by 2027, with a CAGR of 20.1%. Nevertheless, the North America region is expected to grow faster, as it is estimated to reach USD 194.20 Billion by 2027 at a significant CAGR of 27.5%. 

Foremost Lithium Resource & Technology Ltd. (CSE: FAT) (OTC: FRRSF) announced last week breaking news that, “it has received a permit from the Province of Manitoba to extract a bulk sample from its Zoro Lithium Project located in the historic mining district of Snow Lake, Manitoba.

Foremost Lithium plans to extract a 500-kilogram bulk sample of spodumene-bearing pegmatite from Dyke 1 on its Zoro Lithium Project. The bulk sample will be shipped to a reputable third party for metallurgical testing and process development. A 2020 peer reviewed technical publication co-authored with SGS Mineral Services concluded that spodumene-bearing pegmatite from Zoro Dyke 1 can be processed using industry standard metallurgy to produce a 6% battery-grade lithium (Li2O) concentrate.i The goal for the upcoming 500 kg bulk sample is to demonstrate that pegmatite from the Company’s Zoro Lithium Project is suitable to produce battery-grade lithium hydroxide (LiOH) thereby making it viable to market its lithium to strategic partners prior to development.

Scott Taylor, President and CEO of Foremost Lithium states ‘In addition to the Zoro Lithium Project, recently collected samples from our Jean Lake Lithium Project returned high-grade assays of 3.89% to 5.17% Li2O%. Given the similarity in mineralogy of the Beryl pegmatite to Dyke 1 on the Zoro property, the potential to produce battery-grade lithium hydroxide from the Beryl pegmatite is a distinct possibility. As such, the extraction of a bulk sample at the Beryl pegmatite for purposes of third-party metallurgy is currently being planned. This is the first step in our journey and commitment to shareholders to deliver a secure domestic supply of battery-grade lithium hydroxide.’

About Foremost Lithium: Foremost Lithium is an energy tech company driven to being one of the first North American Companies committed to produce high quality battery-grade lithium hydroxide domestically to fuel the electric vehicle battery market. Given the importance and global focus on increasing energy decarbonization, especially when it comes to vehicles, The Company is hyper-focused in continued exploration and growth on its three lithium properties, Jean Lake and Zoro located in Snow Lake, Manitoba, and Hidden Lake in the Northwest Territories. Foremost Lithium also holds assets in precious commodities with its Winston Gold/Silver Project in New Mexico, USA.”

Snow Lake Resources Ltd. (NASDAQ: LITM), d/b/a Snow Lake Lithium Ltd. announced on December 20th, 2021, an update to it’s stakeholders on it’s progress toward commercial lithium production.  Snow Lake has entered into a contractual agreement with SGS Natural Resources in Lakefield, ON to perform the necessary metallurgical testing required for the preliminary economic assessment, or PEA, and for the subsequent pre-feasibility study, or PFS.  CEO of Snow Lake Lithium, Philip Gross, commented “We are currently running to achieve full scale production and seeking to quantify all unknown variables. The SGS metallurgical studies will provide the critical data needed to complete our PEA, initiate a PFS and confirm our trajectory to becoming the first B Corp fully renewable, carbon neutral North American hydroxide producer to the EV industry.”

Fisker Inc. (NYSE: FSR) last week showcased its Fisker Ocean all-electric SUV at CES in Las Vegas, highlighting the vehicle’s state-of-the-art Advanced Driver Assistance System (ADAS). Fisker showcased the all-electric Fisker Ocean SUV at CES in Las Vegas, following the vehicle’s global reveal at the 2021 Los Angeles Auto Show. Called Fisker Intelligent Pilot, the ADAS platform integrates four types of sensors: an industry-leading surround-view camera suite, a camera-based driver-monitoring system, ultrasonic technology, and a Digital-Imaging Radar System that Fisker expects will be first to market when the Fisker Ocean begins production in November 2022. Called Fisker Intelligent Pilot, the ADAS platform integrates four types of sensors: an industry-leading surround-view camera suite, a camera-based driver-monitoring system, ultrasonic technology, and a Digital-Imaging Radar System that Fisker expects will be first to market when the Fisker Ocean begins production in November 2022.

QuantumScape Corporation (NYSE: QS) and Fluence Energy Inc. reported yesterday a multi-year agreement to introduce solid-state lithium-metal battery technology to stationary energy storage applications. 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. “Fluence and QuantumScape share the same mission to reduce global greenhouse gas emissions through innovation and adoption of energy storage technologies, so our collaboration is a natural fit,” said Jagdeep Singh, co-founder and CEO of QuantumScape. “While we have historically focused on automotive applications, we believe our battery technology is broadly applicable and can play a role in other sectors contributing to a lower-carbon future.”

Standard Lithium Ltd. (NYSE: SLI) reported last month that it has signed a Letter of Intent (“LOI”) with Koch Engineered Solutions (“KES”) for support with pre-front end engineering design (“pre-FEED”) at the Company’s proposed first commercial plant located at the Lanxess facility in southern Arkansas. The intent of the LOI is to organize and use several business units under the KES umbrella to form an Integrated Project Management Team (“IPMT”) that will help Standard Lithium to execute key pre-FEED work. The IPMT will largely draw on strategically aligned resources from Koch Project Solutions (“KPS”), Koch Separation Solutions (“KSS”) and Optimized Process Designs (“OPD”). The IPMT will be structured to assist the Company in evaluating process scale-up solutions, equipment options, preliminary engineering design, scheduling, budgeting and other project management activities relating to the first commercial lithium plant proposed at the Lanxess facility in southern Arkansas. The proposed site for the first commercial facility currently houses the Company’s continuously operating pre-commercial Direct Lithium Extraction (“DLE”) Demonstration Plant.

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Energy & Critical Metals

Raised Floor Systems Sales Market Size, Share, Growth 2021 to 2028, Forecast by Manufacturers, Regions, Type and Application

Get Sample Report   Purchase Complete Report Now Global Raised Floor Systems Sales Market research is an intelligence report with meticulous efforts undertaken…

Market Research

Global Raised Floor Systems Sales Market research is an intelligence report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share and contact information are shared in this report analysis. It also provides market information in terms of development and its capacities. 

MR Accuracy Reports crafted the report, titled Global Raised Floor Systems Sales Market 2021 is a methodical research study based on the Raised Floor Systems Sales Market , analyzing the competitive framework of the industry in the world. Using efficient analytical tools such as SWOT analysis and Porter’s five forces analysis, the report provides a comprehensive assessment of the Raised Floor Systems Sales Market . Our big research team were able to captured all-important chapters in the final report as they have been striving towards it.

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The global Raised Floor Systems market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Raised Floor Systems market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.

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Steel Encapsulated

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Server Room

Commercial Office Space

Nonprofit Management


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Energy & Critical Metals

Jakinibs Market: Growth Trends, Sales Outlook, Revenue, Market Toppers, End-Users, Major Regions

Global Jakinibs Market Report 2016-2027 is latest research study evaluating the market, highlighting opportunities, risk analysis, and leveraged with strategic…

Global Jakinibs Market Report 2016-2027 is latest research study evaluating the market, highlighting opportunities, risk analysis, and leveraged with strategic and tactical decision-making support. The influencing factors of growth and regulations with respect to the usage of the information, availability of highly reliable products in the market, and increase in operational efficiency of Jakinibs Players. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing dynamics of Global Jakinibs Market.

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Astellas Pharma
Eli Lilly and Co.
Incyte Corp.
Novartis AG
Pfizer Inc.

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  • Jakinibs Market Report provides driving factors, affecting the market growth.
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Effect of COVID-19: Jakinibs Market report investigate the effect of Coronavirus (COVID-19) on the Jakinibs industry. Since December 2019, the COVID-19 infection spread to practically 180+ nations around the world with the World Health Organization pronouncing it a general wellbeing crisis. The worldwide effects of the Covid infection 2020 (COVID-19) are now beginning to be felt, and will essentially influence the Jakinibs market in 2020 and 2021.

Notwithstanding, this also will pass. Rising help from governments and a few organizations can help in the battle against this exceptionally infectious illness. There are a few ventures that are battling and some are flourishing. Generally speaking, pretty much every area is expected to be affected by the pandemic.

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2 Global Jakinibs Market Competition by Key Players

3 Global Jakinibs Capacity, Production, Revenue (Value) by Region)

4 Global Jakinibs Supply (Production), Consumption, Export, Import by Region

5 Global Jakinibs Production, Revenue (Value), Price Trend by Type

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7 Global Jakinibs Market Analysis by Applications


8 Global Jakinibs Manufacturers Profiles/Analysis

9 Jakinibs Manufacturing Cost Analysis

10 Industrial Chain, Sourcing Strategy and Downstream Buyers

11 Marketing Strategy Analysis, Distributors/Traders

12 Market Effect Factors Analysis

13 Global Jakinibs Market Forecast

14 Research Findings and Conclusion

15 Appendix

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Precious Metals

Both Precious and Industrial Metal- Silver Price Prediction Amid Raging Forces

Silver price has begun the week with forces linked to its status as an industrial and precious metal at play…

Silver price has begun the week with forces linked to its status as an industrial and precious metal at play. While strong Chinese data is offering support to the metal, higher Treasury yields are weighing on its prices.

Higher yields

Treasury yields have extended Friday’s gains as investors eye the Fed meeting scheduled for the coming week. Since the beginning of the year, the benchmark 10-year US bond yields have risen by about 16.90% as the markets brace for the tightening of the Fed’s monetary policy. At the time of writing, it was up by 4.81% at 1.78%.  The 30-year and 2-year yields are also up by 0.57% and 0.20%.  

As is often the case, higher Treasury yields have boosted the US dollar while exerting pressure on silver and other commodities. The dollar index, which tracks the value of the greenback against a basket of six major currencies has held steady above the psychologically crucial level of $95.00 after rising above this level on Friday.

Chinese data

In addition to its appeal as a precious metal, silver is also a key industrial metal. Subsequently, it is reacting to the strong economic data released on Monday from China. The Middle Kingdom is the leading consumer of silver and other industrial metals. As such, positive numbers from the country creates a favourable environment for silver price.

To begin with, industrial production in China grew by 4.3% in December on a year-over-year basis. Analysts had predicted a reading of 3.6%, which would be lower than the prior 3.8%. Besides, the nation’s GDP rose by 1.6% in Q4’21 compared to 0.2% in Q3’21.

Silver price prediction

Silver price has bounced back above the crucial level of 23.00 after dropping below it on Friday. At the time of writing, it was up by 0.62% at 23.10.

On a four-hour chart, it is trading above the 25 and 50-day exponential moving averages. It is also above the long-term 200-day EMA.

In the short term, I expect silver price to trade within the horizontal channel of between Friday’s high of 23.30 and the 50-day EMA at 22.83. A move above the channel’s upper border will give the bulls an opportunity to retest 23.50, which has been evasive since late November. On the flip side, a move below the range’s lower border may place the support at 22.67 or lower at 22.47.

silver price
silver price

The post Silver price prediction amid raging forces as a precious and industrial metal appeared first on Invezz.

Author: Faith Maina

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