LiPo-Lithium Polymer cells, used mostly in the e-bike community to describe soft-pack RC like cells, generally have a lighter weight per watt-hour, and they have a high percentage of cobalt in its anode, which makes them very power-dense (lots of amp-hours in a small package) and also capable of very high amps of discharge (for high performance).
One of the world's most eminent investment banks, Morgan Stanley, has thrown a potential spanner in the works of the burgeoning lithium industry. Despite the gloom, Pilbara Minerals (ASX: PLS) has just secured an $80 million lithium concentrate offtake deal with South Korea's POSCO.
Tesla's improving battery technology could ultimately be a blow to the cobalt mining industry, according to advisory firm Benchmark Mineral Intelligence. According to BMI, Tesla's consistent improvement in its battery tech has resulted in a steady decline in the company's usage of cobalt for its electric cars.
PNX Metals Ltd is gearing up to test for potential nickel-copper-cobalt sulphide mineralisation at its Kilfoyle project in the Northern Territory.. PNX's application for co-funding was successful with assistance of 50% of the costs for the planned drill program, and in total the company will receive around $83,000.
Copper and base metals markets are having terrible week, but the rally in the price of cobalt shows no signs of fizzling out. The metal quoted on the LME rose to a fresh 9-year peak of $81,500 a tonne yesterday, a 147% surge since the beginning of 2017. Lithium carbonate prices began its run up two ...
China produces only around 2000 MT of Lithium per year (10,646 MT MT of LCE), while being world's biggest Lithium consumer. No wonder China is much reliant on imports, being a net Lithium importer, while Chinese Lithium companies invest in Lithium mines all over the world.