Mississauga, ON -- (SBWIRE) -- 08/15/2017 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled "Standard Lithium Advances Bristol Lake, Zeroes-In on New Lithium Brine Property Acquisition."
Companies mentioned in this article include Standard Lithium Ltd. (TSX-Venture:SLL) (OTCQX:STLHF) (Frankfurt:S5L).
The electrification of cars continues to get support by governments that aren't just encouraging the use of non-combustion cars, but mandating it. Norway, ironically an oil-rich country, is spearheading the EV movement, saying it intends to be all-electric by 2025. India has the same goal for 2030. France is banning sales of new gas- and diesel-powered vehicles starting in 2040. The U.K. also plans to eliminate sales in 2040 and wants all fossil-fuel cars off its roads by 2050.
Elsewhere, the Netherlands are looking to lock-down new laws putting an end to gas and diesel cars, as is Germany. China doesn't have regulations on the table, but has made its initiatives clear, while incentivizing auto makers to invest in electrification.
Auto makers are generally on board, sinking millions into R&D to build efficient EVs with long ranges, short charge times and smaller price tags. No traditional auto company has gone more headlong into EVs as the future than Volvo, who declared in July that every car it sells will be electrified by 2019.
It's this commitment to EVs that has invigorated the lithium market due to the world's lightest metal being integral to the rechargeable batteries that power most electric vehicles. That goes without mentioning all the current uses for lithium, as well as rising demand for energy storage as part of the renewables evolution. To wit, most analysts forecast a steep shortfall in lithium supply based upon rising demand going forward, including Deutsche, who sees a 300% increase from today's level to 534,000 metric tonnes annually.
A handful of majors currently dominate the supply chain, but smaller players, like Vancouver-based Standard Lithium (TSX-Venture:SLL) (OTCQX:STLHF) (Frankfurt:S5L), are rapidly emerging due to their properties and expertise to step up and fill the supply gaps. Standard Lithium already had the massive Bristol Lake Brine Project located in the Mojave region of San Bernardino County, CA in its portfolio and is in the midst of negotiating another deal to further expand is U.S. lithium footprint.
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