Lithium-ion megafactories on the rise

Share
Profile

Follow
retiredyoung

3,423 Posts.

151

20/06/18

11:20

Post #: 33821721
Share

Speaking about lithium-ion battery megafactories, Moores said Benchmark Mineral Intelligence was only tracking 25 megafactories this time last year. That number is now above 40.

Expand

In terms of where most capacity is located, China continues to lead the space, with about 55 to 60 percent of the megafactories tracked by Benchmark located in the Asian country. In second place is Europe, with about 15 to 20 percent.

Expand

Despite the supply worries seen in the first quarter of the year after SQM (NYSE:SQM) signed a deal with Corfo and Morgan Stanley (NYSE:MS) released a bearish forecast, Moores said that on the demand side, lithium remains extremely strong and is getting stronger in the medium term.

Expand

“We are seeing the utility and energy storage space strengthen,” he said, mentioning Tesla’s plans and “a lot of other companies [which] are pushing forward in a market that’s growing stronger than expected.”

Expand

The electric buses and trucks space is also growing, with batteries getting bigger. For instance, Moores mentioned Los Angeles-based company Thor Trucks, which is expecting to launch a 900-kilowatt-hour model soon.

“That’s absolutely massive. That’s nearly double of what was expected to go in a truck [battery],” Moores commented.

Expand

https://investingnews.com/daily/res...esting/simon-moores-global-battery-arms-race/
2 Upvote

Reply

Top Stories

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

SIG

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

LPE

Sales growth pushes Lovisa's fortunes (and shares) upwards

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

PYC

Scientific conference spotlights PYC's work on blindness disease treatment

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

HotCopper Highlights: Your most watched stocks for Week 47, 2024

DUI

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

Lithium-ion megafactories on the rise

Top Stories

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

Sales growth pushes Lovisa's fortunes (and shares) upwards

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Scientific conference spotlights PYC's work on blindness disease treatment

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

HotCopper Highlights: Your most watched stocks for Week 47, 2024

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M