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Blog - Latest News

Tin Demand to Increase with Li-Ion Batteries

February 22, 2019/in In the News/by Gray Leigh

Electric Vehicle Rise to Increase Tin Demand

It’s no secret that plug-in vehicles will soon be a centerpiece of modern life. Consequently, national governments pass legislation to support this industry’s growth. Similarly, major automakers invest billions in electric vehicle fleets. Some have announced plans to go 100% green. As a result, the resources needed to power this change get ample attention. This means that tin demand will soon increase.

READ: Investing in Cobalt Tied to Lithium

tin demandSpecifically, Li-Ion battery manufacturers use tin for soldering. Incidentally, it plays a major role in the creation of consumer electronics. Surprisingly, Smartphones, laptops and similar devices still comprise the bulk of lithium demand.

However, this will soon change. As previously mentioned, most automakers have EV plans. Similarly, several governments have identified lithium as a valuable resource. This includes the US’s Trump Administration.

Fueling the Future

Analysts also expect cobalt demand to ramp up. This comes in the wake of China and Germany jockeying for a foothold on South American lithium. Over half the world’s lithium is split between Argentina, Bolivia, and Chile.

As a result, the International Tin Association (ITA) expects tin demand to skyrocket. However, its estimates are built on demand tied to nickel – another element tied to Li-Ion battery production.

Overall, it estimates 60,000 additional tonnes of demand per year. This is a direct result of growth in both the energy storage and electric vehicle sectors.

tin demand

Oil on its Way Out?

Moreover, they believe this could more than double by 2050. Furthermore, improvements in Li-Ion battery technology could accelerate this change.

Solid-state lithium batteries are expected to hit the market by 2030. They present a safer, more efficient alternative to current liquid-state batteries.

Meanwhile, electric vehicle sales steadily increase. Granted, global sales are yet to breach 3%. However, this will change once automakers like GM and Porsche catchup to EV leader Tesla.

After all, the age of disruption moves quickly. Expect exponential growth to accompany plug-in vehicle adoption.

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2019 Electric Cars To Get Excited About

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).

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LATEST NEWS

  • Ultra Lithium Sells Laguna Verde for Share Stake in Power MineralsMay 17, 2023 - 5:00 am
  • 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

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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

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