NEW YORK, January 23, 2018 /PRNewswire/ --

Increasing demand for electric vehicles continued to drive the lithium market. According to a report published by Zion Market Research, global lithium-ion battery market was valued at around USD 31.17 billion in 2016 and is expected to reach USD 67.70 billion by end of 2022, growing at a CAGR of slightly above 13.70% between 2017 and 2022. Lithium-ion batteries are also widely used in portable electronics, such as smartphones, cameras, watches and tablets. Based on power capacity segment, the low power lithium-ion battery (5-25 Wh) segment accounted for over 32 percent of the total market in 2016 due to the increasing demand for portable electronics. MGX Minerals Inc. (OTC: MGXMF), Albemarle Corporation (NYSE: ALB), Tesla Inc. (NASDAQ: TSLA), Advantage Lithium Corp. (OTC: AVLIF), Galaxy Resources Limited (OTC: GALXF)

According to another report from Research and Market, the global lithium compound market reached a volume of 260,500 Tons in 2016, the market is expected to reach a volume of 399,800 Tons by 2022, at a CAGR of more than 7% during the forecast year. Lithium forms numerous organic and inorganic compounds including hydride, oxide, nitride, carbide, hydroxide, which can be used in cooling systems for nuclear reactors, rechargeable batteries, aircrafts and other applications.

MGX Minerals Inc. (OTC: MGXMF) also listed on the Canadian Securities Exchange under the Ticker 'XMG'. Earlier today the company announced breaking news that, "appointment of Randall W. Keller as Vice President of Business Development. Mr. Keller will work alongside former California Senate Majority Leader Richard Polanco (see press release dated December 1, 2017) to target geothermal lithium exploration in California and other Western States that the Company has identified for potential partnerships and acquisition targets to secure lithium brine feedstock and operating sites for its lithium extraction and water treatment systems.

Mr. Keller is a highly accomplished executive with over 35 years of global experience in the energy sector. He is formerly the Director of Business Development, Transmission and Land Assets, for Berkshire Hathaway Energy Renewables ("Berkshire"), a holding company controlled by Berkshire Hathaway Inc. At Berkshire, Mr. Keller was responsible for the development of large-scale renewable energy projects within the Berkshire holdings platform in southern California and managed a large team of engineers, geologists, chemists and scientists, overseeing budgets in excess of $1 billion. Previously Mr. Keller held executive leadership roles at Charah, Inc. where he oversaw heavy civil construction services and transportation logistics for the electric utility industry. Prior to that he owned and operated Kelcorp Construction Company for 15 years, where he was responsible for heavy civil utility infrastructure buildout projects, working with both the Government and private sector clients.

"We welcome Randy Keller to the MGX team and look forward to utilizing his deep industry experience as we target additional acquisition and strategic partnerships throughout California," stated MGX President Jared Lazerson. "We continue to build our U.S. leadership team and more specifically our California-focused team as we believe the State offers a multitude of opportunities to implement lithium extraction and water purification systems."

MGX currently controls over two million acres of lithium brine mineral claims throughout North America. The Company's rapid recovery process concentrates lithium, magnesium and other minerals from a variety of wastewaters using low energy nanofiltration technology. This proprietary design process is currently covered under patent and patent-pending applications. MGX has integrated this design process with exclusively licensed and patented nanoflotation technology that purifies wastewaters. Combined, this Cleantech has global applications in mineral extraction, including lithium, and water purification for reuse and repurpose."

Albemarle Corporation (NYSE: ALB), headquartered in Charlotte, NC, is a global specialty chemicals company with leading positions in lithium, bromine and refining catalysts. On November 8, 2017, the company reported third quarter 2017 net sales of $754.9 million, earnings of $118.7 million and adjusted EBITDA of $209.4 million. Lithium and Advanced Materials reported net sales of $343.6 million in the third quarter of 2017, an increase of 42.9% from third quarter 2016 net sales of $240.4 million. The $103.1 million increase in net sales as compared to prior year was primarily due to favorable pricing impacts, increased sales volumes and $1.6 million of favorable currency exchange impacts. Adjusted EBITDA for Lithium and Advanced Materials was $130.2 million, an increase of 42.0% from third quarter 2016 results of $91.7 million. The $38.5 million increase in adjusted EBITDA as compared to the prior year was primarily due to favorable pricing impacts and increased sales volumes, partially offset by Lithium growth spending, a $3.9 million negative impact from hurricane Harvey on Performance Catalyst Solutions ("PCS") and $0.2 million of unfavorable currency exchange impacts.

Tesla Inc. (NASDAQ: TSLA) mission is to accelerate the world's transition to sustainable energy. With the opening of the Gigafactory and the acquisition of SolarCity, Tesla now offers a full suite of energy products that incorporates solar, storage, and grid services. As the world's only fully integrated sustainable energy company, Tesla is at the vanguard of the world's inevitable shift towards a sustainable energy platform. According to a blog by The Tesla Team last year, Tesla and Panasonic began mass production of lithium-ion battery cells, which will be used in Tesla's energy storage products and Model 3. The high performance cylindrical "2170 cell" was jointly designed and engineered by Tesla and Panasonic to offer the best performance at the lowest production cost in an optimal form factor for both electric vehicles and energy products. Model 3 cell production will follow in Q2 and by 2018, the Gigafactory will produce 35 GWh/year of lithium-ion battery cells, nearly as much as the rest of the entire world's battery production combined.

Advantage Lithium Corp. (OTCQX: AVLIF) is a resource company specializing in the strategic acquisition, exploration and development of lithium properties and is headquartered in Vancouver, British Columbia. Recently, the company provided this update on the brine sampling of diamond core hole CAU15 in the south of the previously undrilled NW Sector of the Cauchari JV property located in Jujuy Province, Argentina. Drilling intersected an extensive sequence of sandy material, with coarse sandy gravel units in the last 20 m of the hole. Brine assays from 9 samples at an average sample spacing of 15 m returned an average of 407 mg/l Lithium and 3,196 mg/l Potassium over 132.5 m from a depth of 102 m to the base of sampling at 234.5 m, with the total hole depth 243.5 m. Higher grade brine in the deeper part of the hole averaged 475 mg/l Lithium and 3,662 mg/l Potassium from 174 to 234.5 m

Galaxy Resources Limited (OTC: GALXF) is an international S&P / ASX 200 Index company with lithium production facilities, hard rock mines and brine assets in Australia, Canada and Argentina. It wholly owns and operates the Mt Cattlin mine in Ravensthorpe Western Australia, which is currently producing spodumene and tantalum concentrate, and the James Bay lithium pegmatite project in Quebec, Canada. Recently, the company reported to shareholders its activities for the quarter ended 31 December 2017. The company announced record production of 52,139 dry metric tonnes ("dmt") of lithium concentrate, an increase of 11% over Q3 2017 and record sales of 58,094 dmt of lithium concentrate, an increase of 39% over Q3 2017.

Subscribe Now! Watch us report from LIVE 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. 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, recommendations 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 mgx minerals inc. financial news dissemination and PR services, FinancialBuzz.com has been compensated five thousand dollars by the company. 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