Increasing Reliance on EVs is Set to Grow the Lithium-Ion Battery Market

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NEW YORK, September 27, 2018

NEW YORK, September 27, 2018 /PRNewswire/ --

According to a report published by Zion Market Research, the global lithium-ion battery market is expected to grow at a compound annual growth rate (CAGR) of 13.7% between 2017 and 2022 due to its increasing adoption in electric vehicles and numerous consumer electronics such as smartphones, tablets, digital cameras and MP3 players, among others. Lithium-ion batteries are one of the most popular types of rechargeable batteries that are used in consumer electronics. The benefit of using lithium-ion batteries includes a minimal memory effect, high energy density and low self-discharge. Blue Eagle Lithium Inc. (OTC: BEAG), Sociedad Química y Minera de Chile S.A. (NYSE: SQM), Albemarle Corporation (NYSE: ALB), Daimler AG (OTC: DMLRY), Energizer Holdings, Inc. (NYSE: ENR)

Increasing demand for EVs and consumer electronics drives the lithium-ion battery market. According to another report from Global Market Insights, the consumer electronics market size is expected to exceed USD 1.5 Trillion by 2024. Technological advancements in electric devices, improving the purchasing power of individuals across emerging economies and the growing penetration of energy-efficient appliances are the main drivers of the market. Data compiled by International Energy Agency suggests that the number of electric and plug-in hybrid cars on the world's roads rose 54% to exceed 3 Million in 2017, while China is still the largest market for electric car market.

Blue Eagle Lithium Inc. (OTCQB: BEAG) earlier this week the company announced, "announce the commencement of its exploration and evaluation program and further, announces results received from the first phase of its initial baseline soil-sampling program. Blue Eagle is a Lithium exploration company engaged in identifying, evaluating, and developing early-stage Lithium exploration opportunities in North America. The company's initial property is located in Railroad Valley, Nevada, a highly prospective green-fields Petro-Lithium brine target area that features many of similarities to the nearby Clayton Valley and which the company believes warrants an extensive exploration program. The company has a 100% Working Interest in 200 placer claims. The staked claims cover 4,000 acres (~1,619 hectares).

1st Phase - The Company's field operations team recently collected samples from a generalized cross section of the property spanning its length and breadth. A total of 12 baseline samples were taken and sent to ALS Global Geochemistry* in Reno for analysis. The results are listed in the table below… he initial results received indicate encouraging concentrations of circa 100 PPM (Parts Per Million) of (Li) Lithium, in many of the samples, which fall within the expected range of a weathered surface source to a working Lithium brine system in the underlying water table.

Initially these results have been gathered to help provide a fair reflection of all the acreage and also a necessary requirement for the company's newly commissioned NI 43-101 Report which is due to be delivered in the next 3-4 weeks. (The company will post this report on its property page as soon as it's received). Tekhne Research Inc, an independent company that has had previous experience in Railroad Valley, is compiling the report. Upon receipt of the NI 43-101 Report, the company will commence the build of its database and plans to use the services of Geologix** Houston to achieve this. Initially the soil samples collected at Railroad Valley will be crosschecked with further samples collected by Tekhne during their recent field study of the acreage and will be used to establish what types of Lithium compounds are present.

In conjunction with the building of the database and the detailed study of oil and gas well logs in the area, Blue Eagle Lithium will expand upon the initial results from the soil sampling analysis, the findings of the NI 43-101 report and will commence evaluation of the brine water reservoirs containing Lithium leached from the surface and surrounding source areas.

"We are most encouraged by these early stage results that are analogous to the prolific Clayton Valley Province," commented Rod Murray, Blue Eagle Lithium Chief Operating Officer. "We will now move forward with our work program to fully evaluate the potential resource in Railroad Valley. Immediate steps right now are to gather Water logs, surface Geology logs, Well Logs cross reference and evaluate with the Tekhne Report when received. This process will indicate what activities are required next"

About Blue Eagle Lithium Inc. - Blue Eagle Lithium is a publicly traded (OTCQB: BEAG) Lithium exploration and development company based in Henderson, Nevada. Blue Eagle's team comprises experienced leaders that represent over 60 years of industry experience in the energy, financial, and geology fields. Blue Eagle has a 100% Working Interest in 200 placer claims in Railroad Valley, Nevada."

Sociedad Química y Minera de Chile S.A. (NYSE: SQM) is a company with worldwide presence in industries essential for human development, through five lines of business: vegetable nutrition of specialties, lithium and derivatives, iodine and derivatives, industrial chemicals and potassium. SQM recently attended the Lithium Forum. The meeting brought together authorities, professionals and experts to discuss the present and future of this industry. Daniel Jiménez, Commercial Vice President of Iodine, Lithium and Industrial Chemicals of SQM, presented the projections of the international demand and the biggest challenges regarding this mineral. In his presentation, Daniel Jiménez detailed the main characteristics of this market, the behavior of the demand according to its uses and applications, how the demand has evolved, and also the possible chemical development that is approaching in the composition of the energy storage batteries that they are feeding the world technology, either in for electromobility or for the countless consumer electronic devices. "The demand will grow at an order of more than 15% per year, quadrupling in 10 more years," said Daniel Jimenez, adding that the world's largest car manufacturers, such as Volkswagen, have already committed huge investments for the change towards electric vehicles. "VW, the world's largest car producer, expects that by 2025, 12% of its fleet will be electric vehicles. And there are already several countries that have announced that in 2030 they will not authorize the circulation of internal combustion vehicles."

Albemarle Corporation (NYSE: ALB), headquartered in Charlotte, NC, is a global specialty chemicals company with leading positions in lithium, bromine and refining catalysts. Albemarle Corporation announced earlier this year that as expected, it has received approval from Chile's Economic Development Agency (CORFO) for an increase in the Company's lithium quota to sustainably increase Albemarle's lithium production in Chile to as much as 145,000 metric tons of lithium carbonate equivalent (LCE) annually through 2043. As previously announced, this quota increase will be enabled by the Company's deployment of innovative technology to extract more lithium without the need for additional brine pumping at the Salar de Atacama. "We are pleased that, with this new quota, we have the opportunity to add additional capacity in the Atamaca in a highly efficient and sustainable manner," said John Mitchell, Albemarle President of Lithium. "Albemarle's new brine yield technology is a part of our already announced Wave 2 capacity expansions targeted for commissioning after 2021. We will continue to actively monitor the market and bring this capacity on, as needed, to meet the needs of our contracted customers."

Daimler AG (OTC: DMLRY) is one of the biggest producers of premium cars and the world's biggest manufacturer of commercial vehicles with a global reach. In 2016, Mercedes-Benz Trucks became the first manufacturer in the world with a heavy-duty electric truck. The technology pioneer is now taking the logical next step: putting its electric truck, the eActros, out on the road with customers. The long-term aim: locally emission-free and quiet driving in urban environments with series-production trucks. The maximum permissible axle load stands at the usual 11.5 tons. The energy for a range of up to 200 km is provided by two lithium-ion batteries with an output of 240 kWh. These have already proved their worth in service with EvoBus GmbH - so can no longer be considered as prototypes. "Synergies within the Group like these allow us to pool our experiences, shorten development times and, of course, also save costs", according to Stefan Buchner, Head of Mercedes-Benz Trucks. "We are now passing both two- and three-axle variants of our heavy-duty electric truck, the Mercedes-Benz eActros, into the hands of customers. Initially, the focus will be on inner-city goods transport and delivery services - the ranges required here are well within the scope of our Mercedes-Benz eActros."

Energizer Holdings, Inc. (NYSE: ENR) is a global leader in the dynamic business of providing power solutions with a full portfolio of products including Energizer® brand battery products such as Energizer® EcoAdvanced™; Energizer MAX®; Energizer® Ultimate Lithium™; Energizer Recharge® batteries and charging systems; and portable flashlights and lanterns. Energizer Holdings, Inc. recently announced its results for the third fiscal quarter, which ended June 30^th, 2018.  For the third fiscal quarter, net earnings were USD 23.8 Million, or USD 0.39 per diluted share, compared to USD 24.9 Million, or USD 0.40 per diluted share, in the prior year third quarter. Adjusted net earnings in the third quarter were USD 33.2 Million, or USD 0.54 per diluted share, compared to adjusted net earnings of USD 26.7 Million, or USD 0.43 per diluted share, in the prior year third quarter. "By focusing on our strategic initiatives, we built on our momentum from the first half of fiscal 2018 and delivered solid operating results in the third quarter," said Alan Hoskins, Chief Executive Officer. "Strong organic sales were driven by distribution gains and the continued benefit of pricing actions and our portfolio optimization.  In addition, we continued to make progress towards closing and preparing to integrate our acquisition of the global battery and portable lighting business from Spectrum Brands, and added scale to our Auto Care business with our acquisition of Nu Finish. Our strong performance and strategic acquisitions will continue to drive our success and support our commitment to delivering long-term value for our shareholders."

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