Vancouver company switches from mining lithium to perfecting lithium-ion batteries. By Nelson Bennett
When John Lando was trying to prove out a lithium stake his
Vancouver junior mining company has in Bolivia, he realized
he needed someone with expertise in lithium chemistry
“On a technology basis, this is an interesting play,” said Jon Hykawy, a clean technology and materials analyst with Byron Capital Markets Ltd. “This is something not many other people have considered doing.”
The market for rechargeable lithium-ion batteries is huge and growing, thanks in part to the explosion in the use of tablets, smartphones and laptops. Lithium-ion batteries currently account for 37% of the world’s battery market.
“Who amongst us wouldn’t want to be able to get the cellphone to work for 30% longer and charge it faster?” Hykawy said. “I’ll take that.”
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