ULTRA LITHIUM INC. — TSX.V-ULT
Ultra Lithium Inc. ULT
  • Home
  • About
    • Overview
    • Directors
    • Management
    • Corporate Responsibility
    • Corporate Information
    • Disclaimer
  • Lithium
    • Overview of Projects
    • Laguna Verde Brine Lithium Property
      • Laguna Verde Brine Photos
      • Laguna Verde Brine Maps
    • Georgia Lake Lithium Pegmatites
      • Georgia Lake Lithium Photos
    • Forgan Lake Lithium Pegmatites
    • South Big Smoky Valley Project
    • Lithium Uses
  • Gold
    • Gold Projects
    • Assay Results
    • Gold Project Photos
  • Investors
    • Stock Quote
    • Investor Presentation
    • Regulatory Filings
    • Investor Contact
  • News
    • News Releases
    • Media Contact
    • Media Resources
  • Contact
    • Contact Information
    • Investor Email Signup
  • Menu Menu
  • Twitter
  • Facebook
  • LinkedIn
  • Youtube
Blog - Latest News
global lithium market

Global Lithium Market for Batteries to Double

November 14, 2018/in In the News/by Gray Leigh

Global Lithium Market to Reach New Heights

Today, the market for lithium-ion batteries is huge. So big, in fact, many believe the market will be worth almost $100 billion by 2025. This is good news for the global lithium market, as the 2016 collapse seems like a distant memory.

global lithium marketWith new technologies and massive consumer demand for batteries, this estimate is achievable. Every industry relies on lithium-ion batteries, particularly the tech sector. By the end of 2018, Sam Jaffe of Cairne ERA estimates that over 130 GWh will be shipped. He expects that number to reach 300GWh by 2030.

Growth Partially Pushed by Transportation

However, such demand for lithium-ion batteries isn’t exclusively due to electric vehicles. In fact, most demand stems from consumer electronics. Smartphones, laptops, PCs, desktops and more make up over 50% of global battery demand. Moreover, industry titan Tesla accounts for less than 2% of global lithium demand.

Meanwhile, this is expected to change. By 2020, the electric vehicle industry will overtake consumer electronics in lithium-ion battery demand. China leads the charge, where over 7 million electric vehicles will take place in 2025.

This estimate dwarfs the 2017 global EV fleet of 3.7 million.

Furthermore, transportation is considered the greatest contributor to climate change. This is supported by the IPCC’s 2018 report. Once combustible engines are abolished, air quality will skyrocket. A fact China’s paying close attention to.

global lithium market

Lithium’s Role in Clean Energy

The value of lithium-ion batteries is closely tied to electric vehicles and consumer electronics. Once electric vehicle growth accelerates, it’s expected the value of lithium and the elements needed in these batteries will follow suit.

As a result, Ultra Lithium’s recent drilling permit at its Laguna Verde site is promising. Located in Argentina, this project will help meet global lithium demand.

Moreover, a global lithium shortage grips the world. With massive waits on electric vehicles in North America, Europe and China, it’s only a matter of time before lithium replaces oil in use and value.

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).

Share this entry
  • Share on Facebook
  • Share on Twitter
  • Share on LinkedIn

LATEST NEWS

  • Ultra Lithium Cuts 1.81 Percent Lithium Oxide Over 10 Meters in Channel Samples at the Forgan Lake Lithium Property Northwestern OntarioMarch 3, 2023 - 10:16 am
  • Ultra Lithium Invites Shareholders and Investment Community to Visit Booth #2353 at PDAC 2023 Toronto, March 5-8, 2023March 2, 2023 - 6:00 am
  • Ultra Lithium Assays Up To 417 PPM Lithium in Drill Hole at the Laguna Verde Brine Lithium Project in ArgentinaFebruary 28, 2023 - 4:30 am
  • Ultra Lithium Intersects 2.68 Percent Lithium Oxide at The Forgan Lake Lithium Property in Northern Ontario, CanadaFebruary 8, 2023 - 5:00 am
  • Ultra Lithium Responds to Government of Canada Critical Minerals AnnouncementNovember 4, 2022 - 4:30 am

ABOUT

Overview
Management
Directors
Corporate Responsibility
Corporate Information
Disclaimer

 

LITHIUM

Overview of Projects
Laguna Verde Brine Lithium Property
– Laguna Verde Brine Photos
– Laguna Verde Brine Maps
Georgia Lake Lithium Pagmatites
– Georgia Lake Lithium Photos
Forgan Lake Lithium Pagmatites
South Big Smoky Valley Project

Lithium Uses

GOLD

Gold Projects
Assay Results
Gold Project Photos

INVESTORS

Stock Quote
Investor Presentation
Regulatory Filings
Investor Contact

NEWS

News Releases
Media Contact
Media Resources

CONTACT

Contact Information
Investor Email Signup 

CONTACT INFORMATION
Ultra Resources Inc.
1120 – 789 West Pender St.
Vancouver BC V6C 1H2
Canada

Kiki Smith, CPA, CGA
Chief Financial Officer
E: [email address protected by javascript]
T: +1-778-968-1176

Afzaal Pirzada, M.Sc.(Geo), P.Geo.
Vice President, Exploration
E: [email address protected by javascript]
T: +1-778-558-4940

Branding and Design:
NextPhase Strategy Marketing Inc.

Lithium Powered Planes Incominglithium powered planesrecycled laptop batteriesRecycled Laptop Batteries Power the Future
Scroll to top