+44 207 394 30 90 (London)

Study says resource-rich Quebec should charge into lithium-ion sector

Main » News » Study says resource-rich Quebec should charge…

MONTREAL — A new study says Quebec has all the ingredients to supply the global market with lithium-ion batteries, but lacks the kitchen to cook them up.

The report, commissioned by an industry group, says the rapid growth of the electric vehicle market represents a big business opportunity for the province, predicting the number of electric vehicles sold will be as much as 26 times more by 2030.

The study released today says global demand will vastly exceed lithium-ion battery production. Meanwhile, a large lithium-ion battery recycling industry is set to emerge as a source of reusable materials for new batteries.

Quebec Economy Minister Pierre Fitzgibbon says the government aims to launch a strategy this fall to develop the lithium-ion battery industry.

With seven lithium mines in development as of January 2019, the study by accounting and advisory firm KPMG says a development plan should set its sights on refining ore to the quality required for lithium-ion batteries.

The study makes similar recommendations for graphite, cobalt, nickel and iron, which are all components of lithium-ion batteries.

Source: The Canadian Press

MORE

Livent ‘reviews expansion plans’ on falling lithium prices, lowers revenue guidance

North American lithium producer Livent has revised down its financial guidance for fourth-quarter as well as full-year revenues, and is reviewing potential changes to its planned capacity expansion road map, it said on Tuesday January 7. Livent reduced its expected fourth-quarter revenue to $75-80 million from $90-100 million and its full-year revenue to $385-390 million…


What’s behind lithium mining? Here’s all you need to know

As demand for electric vehicles increases, so does demand for the metal. Demand is growing across the globe for lithium extraction, mainly driven by the increasing use of lithium in electronic battery technologies and electric vehicles. But where does lithium come from and how is it produced? Here’s an explainer with everything you should know,…


Lake Resources (ASX:LKE) brings mining expertise to their board

Lithium explorer and developer Lake Resources (LKE) have today announced Dr Robert Trzebski will join their board. Robert is an international mining executive with significant expertise in mining. His career in project management and mining services spans over 30 years, and he holds a PHD in Geophysics as well as a masters in project development….


Facebook
Twitter
LinkedIn
Instagram