Mississauga, ON -- (SBWIRE) -- 08/03/2017 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com), a leading penny stock / small-cap information site, released its latest spotlight company Standard Lithium (TSX-Venture:SLL) (OTCQX:STLHF).
There is one thing most people can agree on, the electric vehicle revolution is happening faster than anyone expected. That includes the car and lithium-ion battery manufacturers, along with the companies that mine the raw materials required to fuel them. According to Bloomberg New Energy Finance, today's global production of lithium-ion batteries is only enough to supply 900,000 to 1 million electric vehicles, less than 1% of the 530 million plug-in cars forecasted to be on the road by 2040. In fact, BNEF expects electric vehicle sales to outsell internal combustion engine models by 2038, when one-third of the total number of cars on the road worldwide will be fueled by lithium-ion batteries.
Two critical factors driving what many believe is the end of the internal combustion engine's almost 150-year dominance of the automotive industry are, the rapid decline in the cost of lithium-ion batteries, and the need to rapidly increase production of the raw materials required to build them.
Auto companies like Tesla, General Motors, Volkswagen and Volvo are all ramping-up global electric vehicle production and planning a roster of new models that will be more affordable and with longer driving ranges than earlier versions. And, it's not just the car manufacturers that are getting in on the business. Apple, the largest information technology company in the world, is rumored to be working with China's biggest automotive battery maker CATL, on an electric vehicle battery project. Furthermore, officials in countries including the U.S., United Kingdom, France, India and Norway have all set aggressive targets for phasing out exhaust-spewing vehicles with internal combustion engines and replacing them with electric vehicles.
With surging demand from the battery markets, lithium producers have realized price increases ranging from US$4,500/tonne in 2014, to US$10,000/tonne in late 2016. In North America, long-term contracts for lithium hydroxide, the chemical used in batteries, currently fetch US$13,000 a tonne, while spot prices hover closer to US$23,000 in China. To lend additional color to the expected supply/demand imbalance, consider the guidance of Deutsche Bank, who forecast, "The world's demand for lithium is projected to be a whopping 534,000 metric tonnes by 2025. That represents a 300% increase from today." And according to Deutsche, "unprecedented demand growth" for lithium is due to the rapid growth in electric vehicles and energy storage using lithium-ion batteries.
Currently, major lithium producers Albemarle (NYSE:ALB), Chile's Sociedad Quimica Y Minera (NYSE: SQM), FMC Corp. (NYSE: FMC), China's Tianqi Lithium Industries and Jiangxi Ganfeng Lithium Co Ltd., which supply over half of the world's lithium, are scrambling to meet skyrocketing lithium demand. It is widely understood that these companies alone will not be able to pick-up the slack and new lithium producers will be needed to overcome the critical, projected lithium supply shortfall.
Industry consolidation is already underway as the biggest lithium producers aim to protect market share by identifying and acquiring new sources of production capacity. Production-ready U.S. lithium assets may realize significantly higher values as they represent attractive opportunities to mitigate geopolitical risk while securing immediate, large-scale reserves required to respond to future production demand. That leaves a tremendous opportunity for an innovative, technology focused, well-funded company like Standard Lithium (TSX-Venture:SLL) (OTCQX:STLHF) (Frankfurt:S5L), to gobble-up market share and build value.
A complete SLL profile can be viewed at:
About AllPennyStocks.com Media Inc.
AllPennyStocks.com is focused on the small-cap / penny stock market and has become a reputable name in the investment community. AllPennyStocks.com runs a Canadian and U.S. site to provide investors in Canada as well as the United States with informative and unique content and information. AllPennyStocks.com runs daily technical penny stocks to watch, has a daily market write-up, provides company spotlights, runs a unique most active pages strictly for penny stocks trading on the TSX, TSX Venture, Nasdaq and OTCBB, and much more information for the average investor.
AllPennyStocks.com also runs an email newsletter that aims to uncover stocks that are still under the radar of most investors. Criteria AllPennyStocks.com looks for includes strong revenues, a seasoned management, innovative business plans, among many others. AllPennyStocks.com also looks for companies that announce breaking news, recent 52-week highs/lows, technical breakouts, and other favorable corporate information.
Investors are encouraged to subscribe to the AllPennyStocks.com FREE e-mail newsletter and see what tens of thousands of other investors have already been receiving since 1999.
Investors can receive their free newsletter subscription by clicking here:
AllPennyStocks.com Media, Inc.
Peter Szafranski - President
Websites: http://www.allpennystocks.com / http://www.bullishinvestor.com
Note AllPennyStocks.com has been compensated two thousand five hundred dollars from a third-party, Native Ads Inc. for its efforts in presenting the SLL profile on its web site and distributing it to its database of subscribers as well as other services.
A full disclaimer on SLL can be found at: http://www.allpennystocks.com/SpotLight/14/Standard-Lithium-Ltd.htm