ipcc climate report

IPCC Climate Report and Lithium

IPCC Climate Report Worrying

This week, the 2018 IPCC climate report was issued. Short for International Panel on Climate Change, this group of scientists laid out humanity’s potential future. Unfortunately, it was decisively ominous.

ipcc climate reportFirst, they noted that humanity has struggled to curb carbon emissions. Consequently, the Paris Climate Accord has failed to curb the burning of fossil fuels. Second, the earth’s temperature annually rises by 2 degrees Celsius. The original 2015 recommended a 1.5-degree annual increase. This 0.5-degree difference is massive, meaning rising sea levels and food shortages are expected to hit millions.

Third, to achieve this 1.5-degree pace, the world would need to eliminate all 42billion tonnes of annual carbon-dioxide emissions. Although the report offered no new data, it borrowed from 6,000 studies.

Transportation Industry an Environmental Killer

Not surprisingly, the transportation industry is the greatest threat to environmental stability. However, Scientific American reports that just over 1% of auto sales in the US are electric.

Furthermore, combustible engines still dominate the earth’s roads. Although China, North America and Europe are making serious efforts to electrify their auto fleets, much work needs to be done. Electric vehicles have the potential to right the ship. The report suggests that economies must transition, or face the consequences by 2030.

ipcc climate reportHow Lithium Can Help

Although the automotive industry is changing, it needs to move faster. This is possible, as electric vehicle adoption steadily increases. However, the minerals powering these vehicles are in short supply. Lithium and cobalt are essential to the lithium-ion batteries that are found in every electric car. Today, many plug-in vehicles can travel over 200 miles on 1 charge.

Meanwhile, the Chinese have made efforts to corner the lithium market. Its Belt and Road Initiative is mortgaging the developing world’s infrastructure, making the communist state the world’s largest loan shark. Although a global lithium shortage has made it difficult for EV manufacturers to meet demand, a coming battle for the world’s existing lithium mines is imminent.

And if the earth’s climate is to survive, this will happen sooner rather than later.

Ultra Lithium Inc. A team of lithium experts with a finger on the pulse of clean energy news, Ultra Lithium is a lithium exploration company with holdings in Argentina, Canada and the US (TSX-V: ULI, OTCQB: ULTXF and Frankfurt: QFB).

belt and road lithium

Belt and Road Lithium Mining

Belt and Road Lithium Mining Very Effective

To the surprise of no one, China plans to expand its overseas influence. Today, the communist state is spending aggressively in the developing world, mortgaging the infrastructures of many African and South American countries. This has led to massive Belt and Road Lithium Mining investments in the Lithium Triangle. Consequently, China now owns over half of the world’s lithium supply.

belt and road lithiumMoreover, it has ambitions to increase its foothold on global reserves. Earlier in 2018, China was blocked by the Chilean government when it attempted to buy the nation’s largest lithium producer. Furthermore, efforts like these are nothing new. The Chinese government has deemed lithium an essential commodity for the nation’s future.

Thus, China has created a modern energy cartel. It’s modus operandi: lithium.

China Owns Half of Global Lithium Supply

Meanwhile, the wait for an electric vehicle in Beijing is years long. Moreover, the government has a quota for gas-powered vehicles allowed on roads. In summary, the CCP has made electrifying its transport fleet a priority.

Its Belt and Road Initiative (also known as the Silk Road Economic Belt) is a vehicle to achieve this goal. This isn’t to say its the only objective, as China has imperial ambitions. Meanwhile, western countries lag behind China in electric vehicle adoption.

Why Lithium is so Valuable

Although electric vehicles are only beginning to penetrate the global market, their growth faces a few hurdles. First, there’s consumer behaviour. Eco-friendliness and social responsibility are worthy incentives to go green, but most consumers put money and value first when looking to spend.

Second, the price tag. Electric vehicles are expensive. Only high-earners can buy. The game truly changes when plug-ins enter middle-class life. Third, there’s battery range. Many electric vehicles now exceed 200miles on a single charge, but the worry of being stranded without a place to charge scares buyers.

However, these issues will evaporate with time. Electric vehicles run on lithium-ion batteries, which – no surprise – rely on lithium to operate. Control the lithium supply, control the future.

At least, that’s how the Belt and Road’s central planners see things.

Ultra Lithium Inc. A team of clean energy experts with a finger on the pulse of mining news, ULI is a lithium exploration company with holdings in Argentina, Canada and the US (TSX-V: ULI, OTCQB: ULTXF and Frankfurt: QFB).

electric vehicle consumer behaviour

Electric Vehicle Consumer Behaviour Changing

Electric Vehicle Consumer Behaviour Going Green

Despite what you’ve heard in the news, electric vehicles are having a tough time breaking ground in the US. Today, just 1% of the American transportation fleet is electric. However, electric vehicle consumer behaviour is changing, industry reports say. Sadly, global auto sales are still dominated by gas-powered vehicles. Regardless of how well Tesla, Renault-Nissan or any of the state and privately owned Chinese EV manufacturers perform, the gap is still massive.

However, sales of plug-in vehicles are set for exponential growth. Furthermore, long-term energy savings and a desire for social responsibility are encouraging new owners to go green.

electric vehicle consumer behaviour

The Challenges Facing Potential Owners

Meanwhile, it’s still difficult for most to own an electric vehicle. First, plug-in transports are still incredibly expensive and are largely accessible to only high-earners.

Second, charging technology has a long way to go. Although lithium-ion batteries are improving, it still takes a long time to charge a vehicle. Third, range anxiety hurts demand. This is the fear of being stranded on a road trip, as EVs have just begun to exceed 200 miles on a single charge.

Lastly, charging station infrastructure are tough to find. While Tesla’s supercharger stations are strategically placed throughout the US, gas stations are everywhere. Plus, many people are averse to breaking old habits. It’ll take some time for consumers to change their fueling behaviour.

electric vehicle consumer behaviour

A Lithium Shortage Hurts EV Supply

Meanwhile, the mineral needed to power electric cars is in short supply. A global lithium shortage has played a role in EV demand not being met by suppliers. Most of the world’s lithium is found in South America’s Lithium Triangle. Comprising Argentina, Bolivia and Chile, this region is the target of global investment. Consequently, the Chinese have invested aggressively. Their aim is to own most of the world’s lithium, allowing it to control the electric vehicle revolution.

While Australia, Europe, the US and Africa offer lithium mining sites, South America owns the most readily available deposits. Along with cobalt, this mineral will determine the direction of clean energy tech. It’s an oil war for the modern era.

Ultra Lithium Inc. A team of clean energy experts with a finger on the pulse of mining news, ULI is a lithium exploration company with holdings in Argentina, Canada and the US (TSX-V: ULI, OTCQB: ULTXF and Frankfurt: QFB).

electric vehicle sales

Electric Vehicle Sales in US Hit One Million

Electric Vehicle Sales Hit New Milestone

Sometime in October 2018, electric vehicle sales in the United States hit 1 million. Consequently, the future’s never looked brighter for clean energy technologies. However, EVs still account for just 1% of total US auto sales.

electric vehicle salesThe 3rd quarter of 2018 saw record sales numbers. To the surprise of some, over 110,000 EVs were sold during that period. Furthermore, the steadily growing industry is making it easier for new owners to get on board. Meanwhile, Elon Musk’s stepping down as Tesla Executive Chairman marks a new chapter for electric cars in the US.

Most importantly, that clean energy transportation no longer has a figurehead that is a public company director. However the industry appears to be sustaining itself. And much work needs to be done.

A Long Way To Go

The United States is not the global leader in electric vehicle adoption. That distinction belongs to China, a country whose government subsidises EV purchases. While Beijing leads the clean energy battle, Europe is also taking steps to advance its own EV industry. Portugal is positioned to become the continent’s leading lithium producer, and the EU has set lofty sustainability targets.

Meanwhile, Tesla’s upcoming gigafactory could change the EV landscape for years to come. Despite a 2018 production ramp-up, demand severely outpaces supply. This is good news for an industry and company aimed at reducing global carbon emissions.electric vehicle sales-tesla gigafactory

Lithium’s Part

While Tesla’s gigafactory is placed in Nevada for a number of reasons (including tax incentives), one factor stands out. Namely, the country’s largest lithium mine. Located just 150 miles north of the Gigafactory, this reserve will play a major part in powering electric vehicles throughout the country.

However, most of the world’s lithium still comes from South America’s Lithium Triangle. Spanning Argentina, Bolivia and Chile, this region owns 54% of the world’s lithium. If America hopes to reach 5 million EV sales by 2022, it needs to own more of the world’s lightest metal.

Ultra Lithium Inc. A team of clean energy experts with a finger on the pulse of mining news, ULI is a lithium exploration company with holdings in Argentina, Canada and the US (TSX-V: ULI, OTCQB: ULTXF and Frankfurt: QFB).

Portuguese lithium

Portuguese Lithium: Europe’s Largest Supplier

Portuguese Lithium Projects Increase

Portuguese lithium isn’t famous. After all, the smouldering hot country has a lot else going for it. First, there’s it’s cuisine. A carnivore’s dream, “The Rectangle” is famous for delicious, meaty dishes. Second, it’s beaches. Known for potentially having the finest beaches in the world, Portugal’s coastline is a sun tanner’s haven.

Portuguese lithiumThird, there’s Cristiano Ronaldo. The Juventus striker is considered by many to be the world’s best footballer. Although he hasn’t brought a World Cup home, he helped win the 2016 European Championship.

Now, the first country in Europe to legalize all drugs is about to be known for something else.

Europe’s Largest Lithium Supplier

Lithium is an important resource. After all, the ‘world’s lightest metal’ powers electric vehicles and most consumer electronics. With plug-in cars becoming more popular across Europe, the region looks to buy more of the mineral powering these vehicles. Consequently, Portugal is set to benefit. After all, the country is the continent’s largest lithium supplier.

Furthermore, the Portuguese government is fully aware of how lucrative lithium mining can be. Its secretary of state for energy plans to increase prospecting and mining projects throughout the country.

This is good news for both Portugal and the world. Moreover, a global lithium shortage has increased demand for the mineral as electric vehicles become more popular.

The Competition

However, Portugal is only the world’s 6th-largest lithium producer. Most of the world’s lithium comes from South America’s Lithium Triangle and Australia. Meanwhile, America’s only major lithium mine is near Tesla’s upcoming Gigafactory in Nevada.

Portuguese lithiumPortuguese lithium will help Europe become energy self-reliant. Currently, the EU relies heavily on Russian oil. Increasing its fleet of electric vehicles will drastically change this relationship.

Soon, Europe’s most popular electric vehicle might run on European lithium. However, the Nissan Leaf‘s battery is more likely to feature lithium mined in Argentina.

Ultra Lithium Inc. A team of clean energy experts with a finger on the pulse of mining news, ULI is a lithium exploration company with holdings in Argentina, Canada and the US (TSX-V: ULI, OTCQB: ULTXF and Frankfurt: QFB).

eu and russian oil

EU and Russian Oil: Lithium a Game-Changer

EU and Russian Oil Agreement

To some, the European Union is considered Western civilization’s epicentre. It prides itself on its progressive identity, championing open borders and the notion that taking care of one’s neighbour is beneficial for all states. This, despite the marriage of the EU and Russian oil. eu and russian oil

10 years ago, the EU imported 185 million tonnes of crude oil from Russia. This accounted for over 30% of all oil imports into the Euro Zone. Meanwhile, Russia provided nearly 40% of the region’s natural gas. These numbers haven’t changed much. In 2017, Russia accounted for 37% of all natural gas imports into the EU.

Much has been made of Angela Merkel’s heated relationship with Vladimir Putin. Furthermore, Russia and the EU are ideologically opposed governmental structures. Consequently, the EU would be wise to reduce its dependence on the autocratic state.

How the Electric Vehicle Industry Affects this Relationship

Electric vehicles are all the rage in North America, Western Europe and Asia. However, only the privileged have access. Meanwhile, the European Union is taking steps to make EVs a part of middle-class life. Recently, it voted to reduce carbon emissions by 40% by 2030. This exceeds the European Commissions’ original 30% cut. Why is this significant? Because Europe is getting ready to wean itself off Russian oil.

Can Lithium Help the EU?

Electric vehicles are powered by lithium ion batteries. These batteries are also found in most consumer electronics, while lithium also has many other applications. However, lithium is a very common mineral. Meanwhile, only a select few regions have created lucrative lithium mines.

eu and russian oilLeading this pack is South America’s Lithium Triangle. This extended plain featuring Argentina, Bolivia and Peru accounts for 54% of the world’s existing lithium reserves. However, China owns half of this fortune. Furthermore, the communist state has taken steps to secure most of the world’s lithium. Its 100% electric vehicles by 2030 fuels this ambition, as Chinese lives are affected by pollution.

If the EU hopes to move away from Russian oil, it needs to start investing in lithium projects. This mineral is the key to the clean energy revolution.

 

 

Ultra Lithium Inc. A team of clean energy experts with a finger on the pulse of mining news, ULI is a lithium exploration company with holdings in Argentina, Canada and the US (TSX-V: ULI, OTCQB: ULTXF and Frankfurt: QFB).

Best Electric Cars are Holding Longer Charges

Best Electric Cars Equipped with Powerful Lithium-Ion Batteries

Electric vehicles (EVs) are quickly becoming more common throughout North America, Europe and Asia. However, plug-in vehicles are still incredibly expensive. Consequently, only high-earners can afford to drive the best electric cars – or any electric cars, for that matter. Furthermore, most clean energy vehicles need frequent charging. Charging at home isn’t a viable option, as 8 hours of charging with a 240V circuit add a maximum 180 miles of road time. Meanwhile, a more common 120V charger adds no more than 40 miles.

However, the technology behind Li-ion batteries is improving. Many scientists predict that we’re on the verge of a major breakthrough. While the capabilities of Smartphones, PCs and laptops have improved over the years, the batteries powering them have not.

 

Cheap to Charge

This is about to change. Although it’s not free anymore, Tesla’s Supercharger stations take 20 minutes to charge half a battery. Depending on the model, these stations never take more than 1 hour to provide a full charge. While a charge at less than 60kW costs $0.18 per minute, over 60Kw is $0.36 per minute. Granted, this may seem expensive. However, the savings run circles around the price of gas.

In Canada, it costs under $500 in most provinces to charge a Chevrolet Bolt for 1 year. Meanwhile, charging a gas-powered vehicle with equivalent mileage would cost over $1500CAD.Best Electric Cars-supercharger-station

Electric Vehicle Technology Improving

The oil industry has had decades to develop technology to meet consumer demand. Meanwhile, the lithium industry has been forced to adapt on the fly. Consequently, it will take time for lithium-ion batteries to improve their performance. However, the global shift to clean transportation will help this along. With China leading the way, plug-in vehicles will soon be a staple of middle-class life.

Surprisingly, technology is being developed by ELIIY Power Company and Ube Industries that will allow lithium batteries to improve gas-powered vehicles. Furthermore, the lithium battery industry has exploded to $33 billion. Soon, your car will charge in the time it takes to drink your coffee.

Ultra Lithium Inc. A team of clean energy experts with a finger on the pulse of mining news, ULI is a lithium exploration company with holdings in Argentina, Canada and the US (TSX-V: ULI, OTCQB: ULTXF and Frankfurt: QFB).

Lithium Ion Battery & Clean Energy Tech

Lithium Ion Battery Important

The world is hungry for clean energy solutions. The 21st century is all about sustainability and the lithium ion battery is this new world’s power source. Powering PCs, laptops, Smartphones and more, the lithium ion battery powers most consumer electronics. Furthermore, construction projects take 10 times as long without it. Everything from electric drills to air compressors use them, minimizing cost while quadrupling productivity.

Made of lithium and cobalt, the technology behind these batteries is improving at a rapid pace. Soon, Smartphones will last longer than 24 hours – even with energy-consuming apps like SnapChat and YouTube being consistently used. However, time is needed for this jump to take place.

Lithium Batteries & Electric Vehicles

lithium property-ultra-lithiumEspecially today, electric vehicles (EVs) come to mind when discussing lithium ion batteries. This makes sense, as the EV industry steadily grows.

Consequently, this industry is putting immense pressure on battery producers to improve capacity. Currently, most potential EV owners are scared off by ‘range anxiety.’ This is the fear that a driver will be stranded in the countryside with no charging station in sight. However, fear not. Some of the latest models can travel 200 miles on a single charge.

Furthermore, Tesla’s Supercharger stations can charge a full battery in under 1 hour. They are strategically placed throughout the US and Canada.

Finding Lithium

Lithium ion batteries need cobalt and lithium. Most lithium is found in the Lithium Triangle, a massive South American range featuring Argentina, Bolivia and Chile. Over 54% of the world’s lithium is found here, of which China owns half. Most is extracted through brine mining, an eco-friendly technique where lithium dissolves in evaporation pools.

Meanwhile, Australia extracts its lithium through hard rock mining. An environmentally hazardous technique, it’s very expensive and tarnishes the landscape. However, a global lithium shortage persists. In order to meet the EV industry’s needs, controlling lithium supply is essential.

The global economy depends on it.

Ultra Lithium Inc. A team of lithium experts with a finger on the pulse of clean energy news, Ultra Lithium is a lithium exploration company with holdings in Argentina, Canada and the US (TSX-V: ULI, OTCQB: ULTXF and Frankfurt: QFB).

china owns half-lithium

China Owns Half of Global Lithium Supply

China Owns Half of World’s Lithium

Lithium is an important mineral. In fact, the world’s lightest metal is central to the electric vehicle (EV) revolution. Unfortunately for the west, China owns half of the world’s lithium supply.

China’s Belt & Road Initiative finances the developing world. It has enabled China to spend heavily abroad. Consequently, many poor countries are relying heavily on China to provide infrastructure and technical know-how. As a result, China’s global influence rivals America’s. Furthermore, the communist state’s offshore spending challenges the current global order. This ambition now affects the global battle for resources.china owns half-lithium

China and the Lithium Triangle

Most of the world’s lithium mines are found in South America. Called the Lithium Triangle, 3 countries hold 54% of the global lithium supply. They are socialist Bolivia and democratic Argentina and Chile. Currently, China is heavily investing in this region. Regrettably, many South American countries lack the institutional strength and leadership to ward off hungry Chinese investors. Corruption and greed are major factors here.

Unfortunately, China is doing this with many mining operations throughout the triangle. Without regulations in place to protect regional interests, the highest bidder is able to roll in and claim projects with ease. Luckily, regulations are being put in place to stop this. Particularly in Chile, where an SQM mine purchase would’ve given China an unfair advantage in the global race to secure EV resources.

China Leads Electric Vehicle Industry

china owns half-lithiumMany North Americans aren’t aware that China dominates the global EV race. Many of its state-owned electric automakers are outperforming Tesla and Renault-Nissan. However, the industry is in its infancy. As more lucrative lithium mining projects are secured by the West, plug-in sales should even out globally.

After all, the global lithium shortage can be considered a good thing. For starters, it means that global EV adoption is happening more quickly than expected.

Ultra Lithium Inc. A team of lithium experts with a finger on the pulse of clean energy news, Ultra Lithium is a lithium exploration company with holdings in Argentina, Canada and the US (TSX-V: ULI, OTCQB: ULTXF and Frankfurt: QFB).

 

evs-china

EVs and Lithium in China: You’ll Have to Wait

EVs a Privilege to Own in China

Of all global electric vehicle sales last year, China contributed more than half. Surprisingly, this was despite a massive waitlist for EVs throughout the world’s largest electric car market. In Beijing, electric vehicle license plates are a hot commodity. Consequently, many potential owners must wait upwards of 5 years for a chance to drive sustainably.

“New energy vehicles,” as they’re known in China, are a major status indicator. This is similar to North America, where prices for electric vehicles fall outside a middle-class budget. This could change quickly in China, especially with the government aiming for 100% electric vehicle sales by 2030. Unfortunately, a global lithium shortage won’t speed things up.

evs-china

Permits Needed to Drive Beijing’s Roads

The Chinese government aims to comprise 1/3rd of the global EV market in 2040. Such ambitions have electrified much of the country’s public transport options, including Shenzhen’s entire bus fleet. Each city has a yearly electric vehicle sales quota. Until 2014, demand for EVs was equal to supply.

However, that changed when the government introduced licenses for gas powered vehicles. Today, at least 6 Chinese cities limit the number of non-EVs allowed on its roads. This is a huge mentality shift. In fact, democracies have a tough time keeping up. Even Hong Kong’s clean energy market seriously lags behind China’s.

evs-lithium ion-battery-lithium

China Dominates Global EV & Lithium Markets

Motivated by overpopulation and poor air quality, China leads the world in clean energy technologies. Hence, no elections mean it can quickly pass eco-friendly laws. Furthermore, this focus has allowed it to corner the lithium market. The most important resource in the clean energy revolution, most of the world’s lithium is in South America’s Lithium Triangle.

With so much lithium in Bolivia, China has used its Belt & Road Initiative to mortgage the developing nation’s infrastructure. In exchange: ownership of the world’s largest lithium reserve. Consequently, China owns over half the global lithium supply. Meanwhile, America and the EU jostle for their own mining operations.

The global race for lithium is underway.

Ultra Lithium Inc. A team of lithium experts with a finger on the pulse of clean energy news, Ultra Lithium is a lithium exploration company with holdings in Argentina, Canada and the US (TSX-V: ULI, OTCQB: ULTXF and Frankfurt: QFB).