NEW YORK, May 4, 2017 /PRNewswire/ --

A new report by Variant Market Research projects that the global lithium-ion battery market is estimated to reach $56 billion by 2024; growing at a CAGR of 10.6% from 2016 to 2024. Lithium-ion batteries are rechargeable and therefore the lithium compound plays a crucial role, acting as an anode. The report indicates that lithium cells can produce voltage from 1.5 V to about 3 V based on the types of materials used. These batteries have a potential to achieve an exorbitant energy and power solidity in high-density battery applications such as automotive and standby power. Bearing Resources Ltd. (OTC: BRGRF) (TSX-V: BRZ), Sociedad Quimica y Minera de Chile (NYSE: SQM), Lithium Americas Corp. (OTC: LACDF) (TSX: LAC), General Motors Co. (NYSE: GM), Ford Motor Co. (NYSE: F)

Lithium-ion batteries are now widely implemented as the power or energy source of a wide range of products, from portable electronics to electric vehicles. Increasing adoption of smartphones, tablets, and digital cameras around the world; in addition, the incremental demand for electric vehicles has led to the growth of lithium-ion batteries.

Bearing Resources Ltd. (OTCQB: BRGRF) (TSX-V: BRZ) announced today that, an engineering consultant has been appointed to lead the feasibility study at the Maricunga lithium project.

Through an exhaustive evaluation of bids from a number of well-regarded global engineering firms, the Maricunga joint-venture, has selected Worley Parsons to lead the project design and feasibility study. The contract represents a multi-million award which is fully-funded, along with all other development related expenditures through to the end of 2018, which includes the delivery of an updated resource estimate, process engineering and design, environmental permitting, a Definitive Feasibility Study (DFS) and detailed pre-construction engineering. Bearing has entered into a definitive agreement to acquire Li3 Energy Inc. ("Li3") and its interest in the Maricunga Lithium Project (the 'Li3 Definitive Agreement'). Li3 currently holds a 17.7% interest in the Maricunga Lithium Project.

WorleyParsons is a publicly-listed Australian-based engineering firm (ASX: WOR) with a market capitalization of A$2.8 billion dollars. The company has extensive experience in Latin America with a number of lithium projects, including the expansion of Sociedad Quimica y Minera de Chile (NYSE: SQM) production from the Salar de Atacama in Chile, from 28,000 tons to 40,000 tons of lithium carbonate per annum. SQM is the worldleading producer and service provider in three main business areas - specialty plant nutrition, iodine and lithium - where it currently holds approximately one third of the worldwide market share. WorleyParsons also worked on the original feasibility study prepared by Lithium Americas Corp. (OTCQX: LACDF) (TSX: LAC) for their Cauchari project in Argentina.

Jeremy Poirier, President and Chief Executive officer of the Company, commented: "With the milestone award of the lead project engineering firm, the project remains on-track to deliver an updated resource estimate by mid-year 2017 and a Definitive Feasibility Study (DFS) in early 2018."

General Motors Co. (NYSE: GM) produces vehicles in 30 countries, the company has leadership positions in the world's largest and fastest-growing automotive markets. GM, its subsidiaries and joint venture entities sell vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Jiefang, Opel, Vauxhall and Wuling brands. Buick announced in March that the Velite 5, its first extended range electric vehicle (EREV), will come to China shortly. In the coming two years, Buick will also launch plug-in hybrids and pure battery electric vehicles to expand its green lineup.

Ford Motor Co. (NYSE: F) is a global automotive and mobility company based in Dearborn, Michigan. With about 202,000 employees and 62 plants worldwide, the company's core business includes designing, manufacturing, marketing and servicing a full line of Ford cars, trucks and SUVs, as well as Lincoln luxury vehicles. On April 8th, Ford revealed the industry's first pursuit-rated hybrid police car, an all-new Police Responder Hybrid Sedan.  

Please SIGN UP NOW at http://www.FinancialBuzz.com To Receive Alerts on Trending Financial News from all these companies. "The Latest Buzz in Financial News"

Subscribe Now! Watch us report from NYSE https://www.youtube.com/FinancialBuzzMedia

Follow us on Twitter for real time Financial News Updates: https://twitter.com/financialbuzz

Follow and talk to us on Instagram: https://www.instagram.com/financialbuzz

Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz

About FinancialBuzz.com 

FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR dissemination, branding, marketing and advertising for third parties for corporate news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.

Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the "Site") is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. Financialbuzz.com has not been compensated directly by any of the companies mentioned here in this editorial. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer any personal opinions or bias commentary as we purely incorporate public market information along with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For this release, FinancialBuzz.com has been compensated thirteen thousand five hundred dollars for one month of financial news dissemination and PR services by a third party non affiliate for bearing resources ltd. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or cash payments for financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the editorial or Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on this editorial or Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this editorial and website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use. Please visit: http://www.financialbuzz.com

        
         
        For further information: 
        Media Contact:  
        info@financialbuzz.com 
        +1-877-601-1879 
        Url: http://www.FinancialBuzz.com 

 

SOURCE FinancialBuzz.com