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The global lithium-ion battery market reached a value of US$ 34.1 Billion in 2020. Looking forward, the global lithium-ion battery market to exhibit strong growth during the next five years.
A lithium-ion battery (LIB) is a rechargeable battery that utilizes an intercalated lithium compound as its electrode. Consisting of the anode, cathode and electrolyte, it is an electrochemical storage device that does not require complete discharge prior to recharging.
It is characterized by higher energy density, minimal maintenance and lower self-discharge rates when compared with its counterparts, such as nickel-cadmium batteries. It also offers a good energy-to-weight ratio and high open-circuit voltage.
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“We looked at Toronto, and we said, ‘you know what? That still remains one of the hotspots for (mineral) exploration, for juniors, for the innovation that we see in exploration,’” said Tyler.
BHP, considered one of, if not the largest mining company in the world, produces iron ore, copper, coal and petroleum with US$42.9 billion in revenue in 2020. Copper accounted US$10.6 billion of that, the second largest revenue-generator in its portfolio, with mines in Chile and Peru; it also produces nickel in western Australia, though it remains a small part of its business.
Its head office for copper and nickel exploration was previously located in Santiago, Chile, and BHP intends to keep personnel there, as well as in Arizona, where it also has operations.
Press release content from PR Newswire. The AP news staff was not involved in its creation.
Atlis Motor Vehicles Forms Two Strategic Partnerships To Manufacture Electric Vehicle Battery Cells And Packs
February 1, 2021 GMT
MESA, Ariz., Feb. 1, 2021 /PRNewswire/ Atlis Motor Vehicles (ATLIS), a start-up mobility technology company, announced today the signing of two memorandums of understanding to develop an electric vehicle battery cell production line and a battery pack production line at its headquarters, in Mesa, Arizona.
South Korea-based Media Tech Co., Ltd. (Media Tech) will be ATLIS’s sole supplier for the design, development, manufacturing, installation, and calibration of all machinery comprising the electrode, assembly, and formation lines required for ATLIS to create a limited-run prototype battery cell production line.