According to the OilPrice website, the electric vehicle revolution is driving the development of lithium-ion batteries. By 2022, the market size of lithium-ion batteries may reach 67 billion US dollars - as long as the supply of energy continues, it will continue to thrive.

Fortunately, InternationalBatterymetals (IBAT) is committed to leading the economic transformation of lithium extraction.

The use of conventional exposure evaporation techniques to extract lithium from the metal-rich salt lake Lithium takes up to 24 months, and IBAT's CEO John Burba says it only takes 24 hours to complete the extraction.

Not only that, traditional extraction technology can only obtain 40% of lithium, and IBAT's new technology can make lithium extraction rate of more than 90%

In 2014, when the former company of Burbah, Simbol Materials, was almost acquired, investors almost completely missed the genius of Burbah. Later in 2018, when Tesla’s Gigafactory in Nevada had a Model 3 capacity of 500,000 vehicles a year, Tesla Motors would exhaust all battery-grade lithium supplies worldwide. Elon Musk once invested $325 million in Burbank's early startup company, lithium extraction company, SimbolMaterials, to increase the supply of the latter. Musk said: "This is a convincing opportunity to bring together two start-up companies to promote the development of global clean and sustainable energy technologies."

Today, a global investment bank in New York has valued the company at $2.5 billion, a seven-fold increase from the previous $325 million estimate to $2.5 billion. Fortunately for the company's investors, the deal has not been completed, which is why the outside world is interested in InternationalBatterymetals.

The explosive development of the lithium industry

People are witnessing a sharp increase in demand for lithium in the global market. Lithium prices have nearly tripled since 2015. Lithium prices rose from US$6,500/ton to US$20,000/ton in the Chinese spot market. The soaring price of lithium is just the beginning. In the next few years, the demand for lithium will also increase substantially, which is a great opportunity for investors. In the next two years, the output value of the global battery market will reach 120 billion US dollars.

By 2030, the output of electric vehicles is expected to increase 30 times, and the annual sales volume will increase from the current less than 1 million to 24.4 million.

The Tesla ModelS 70kWh battery pack contains 63Kg of lithium, equivalent to 10,000 mobile phone lithium batteries. Tesla’s production capacity is at a critical node, and unfortunately, obtaining lithium from salt lake lithium is a painful and slow process.

The traditional exposure evaporation technology is quite time-consuming and the production cycle exceeds 18 months. It takes a minimum of four years for a lithium mine to go from production to production. It takes an additional three to four years to saturate production.

SanfordC. Bernstein & Co's researchers said that the total investment in the new lithium mine will be between 350 billion and 750 billion US dollars, but even if such a large investment, it can not guarantee sufficient lithium production.

Lithium extraction technology changes

International Battery Metals is about to bring about a solution to the problem. The technology it holds will generate US$84 billion in revenue from the development of salt lake lithium resources. Lithium will be produced faster and cost will be lower.

At present, the production of lithium needs to be evaporated for as long as 18 to 24 months, until all the other elements in the lithium mine are extracted and only lithium remains. The biggest problem is that it is very difficult to expand lithium production and it is necessary to build thousands of evaporation ponds.

IBAT's new technology is a reversal of traditional methods, which removes evaporation ponds from the entire production of lithium. The technology will reduce the extraction time to 24 hours. What is even better is that the lithium extraction rate will increase from 40% to 90%. John Burba said: "Our technology can directly extract lithium. The core of the technology, Selective Absorption, is the only commercially proven method."

The traditional method needs to remove other elements in lithium ore first, and this new technology can directly extract lithium from lithium ore.

According to Burbah, the core idea of ​​this technology is to extract lithium on a continuous basis. The technology collects lithium in flowing brine brines and ignores other impurities, eventually obtaining diluted lithium chloride. The entire extraction process took 24 hours, which means that people can bid farewell to the traditional method of 18 to 24 months of extraction cycle. This is undoubtedly a revolution in lithium extraction technology. Burba said that the new technology will greatly meet the demand for lithium battery production.

New $84 Billion Opportunity

It is estimated that lithium salt reserves account for about 66% of the world's 14 million metric tons of lithium reserves. At current prices, these minerals are worth 84 billion U.S. dollars. With the breakthrough of the forthcoming lithium extraction technology, InternationalBatterymetals will become the world's fastest lithium production company.

Faster means higher production cost efficiency.

Although new entrants are still struggling with costs, IBAT's technology can make it equal to the current cost of the three largest lithium producers. The three major lithium producers include AlbemarleCorp, SociedadQuimicayMineradeChile and FMC. This is a huge opportunity, and the lithium industry is also paying attention.

An experienced lithium pioneer team

The inventor, John Burb, will soon serve as IBAT's chairman and chief executive officer. He is an experienced lithium extraction expert. He will lead a dream team composed of engineering experts to further improve IBAT's new extraction technology.

The new technology acquired by IBAT is actually based on the technology Bombarda invented and sold in the 1990s, when he was the chief technical expert of lithium giant FMC. For the past 20 years, FMC has been using the same technology. The company is responsible for manufacturing the world's purest lithium carbonate. The company even got its own lithium label: "FMC-grade" lithium carbonate.

Since then, Burbah has made great progress in core technologies, mainly in terms of extraction efficiency, cost, and purity.

Robert Miller will raise funds in cooperation with IBAT. Robert Miller has raised $500 million in early funding and participated in the listing of seven companies, including Nasdaq and American Express. He is also the founder of the gold mine company Crystallex. Burbah has completely revolutionized lithium processing technology. With his new iconic team, he has the potential to succeed again: the release of $84 billion worth of lithium.

in conclusion

Globally, the demand for lithium is rising rapidly. It is estimated that by 2019, battery demand will increase by 7.7% to US$120 billion, which is a huge market. What the world needs now is a sufficient supply of high-quality lithium to boost battery demand. With the popularity of electric vehicles, the lithium battery market will reach US$46 billion by 2022.

The technology acquired by InternationalBatterymetals may change the rules of the game. It can continuously extract more than 90% of lithium from lithium salts through a technology that has little effect on the environment. In addition, the extraction device can also be used for resource expansion or new resources.

Source: Netease Automotive

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