Talison snapped up on bet of a battery-charged future  

Posted by Big Gav in

Renew Economy reports that WA based lithium miner Talison has been taken over - Talison snapped up on bet of a battery-charged future.

Three years after it was forced to pull an Australian stock market float due to a lack of interest from local investors, the Australian-based Talison Lithium (TLH:TSX) – the world’s largest producer of lithium ore – has been snapped up in a deal that values it at more than twice the price.

Talison, which has been producing lithium at its Greenbushes mine in Western Australia for more than 25 years, and accounts for one-third of the global market in lithium ore, has agreed to a buyout by US-based materials group Rockwood Holdings for $C724 million ($704 million).

Lithium is the key ingredient used in the manufacture of lithium-ion batteries – one of the favoured technologies in the so-called “secondary” or “rechargeable” battery market. The batteries are used in mobile phones, laptops, tablets and the like, but are also expected to gain a major share of the electric vehicle market, and play a key role in the development of solar energy storage and in grid stabilisation.

The purchase comes just after Talison doubled production at its main mine in anticipation of a boom in demand of lithium-ion batteries, and secured a 15 per cent increase in prices – taking its price increases for calendar 2012 to date to 25 per cent.

“Talison was, and remains of the view that lithium will be a major part of the world’s new energy future, not just for mobile electronics such as iPads, but electric vehicles, grid stabilisation batteries, and solar storage,” chairman Peter Robinson said at the opening of the expanded operations earlier this month.

According to a recent presentation by Talison, demand for lithium-ion batteries has been growing by more than 20 per cent a year since 2000, and this is expected to surge from around 2015, as the rollout of electric vehicles takes off, and as lithium-ion batteries are deployed in large format basis in electricity grids and for storing solar energy.

And then there is the boom in smart phones and tablets. This graph below indicates anticipated demand over the next decade.

0 comments

Post a Comment

Statistics

Locations of visitors to this page

blogspot visitor
Stat Counter

Total Pageviews

Ads

Books

Followers

Blog Archive

Labels

australia (619) global warming (423) solar power (397) peak oil (355) renewable energy (302) electric vehicles (250) wind power (194) ocean energy (165) csp (159) solar thermal power (145) geothermal energy (144) energy storage (142) smart grids (140) oil (139) solar pv (138) tidal power (137) coal seam gas (131) nuclear power (129) china (120) lng (117) iraq (113) geothermal power (112) green buildings (110) natural gas (110) agriculture (91) oil price (80) biofuel (78) wave power (73) smart meters (72) coal (70) uk (69) electricity grid (67) energy efficiency (64) google (58) internet (50) surveillance (50) bicycle (49) big brother (49) shale gas (49) food prices (48) tesla (46) thin film solar (42) biomimicry (40) canada (40) scotland (38) ocean power (37) politics (37) shale oil (37) new zealand (35) air transport (34) algae (34) water (34) arctic ice (33) concentrating solar power (33) saudi arabia (33) queensland (32) california (31) credit crunch (31) bioplastic (30) offshore wind power (30) population (30) cogeneration (28) geoengineering (28) batteries (26) drought (26) resource wars (26) woodside (26) censorship (25) cleantech (25) bruce sterling (24) ctl (23) limits to growth (23) carbon tax (22) economics (22) exxon (22) lithium (22) buckminster fuller (21) distributed manufacturing (21) iraq oil law (21) coal to liquids (20) indonesia (20) origin energy (20) brightsource (19) rail transport (19) ultracapacitor (19) santos (18) ausra (17) collapse (17) electric bikes (17) michael klare (17) atlantis (16) cellulosic ethanol (16) iceland (16) lithium ion batteries (16) mapping (16) ucg (16) bees (15) concentrating solar thermal power (15) ethanol (15) geodynamics (15) psychology (15) al gore (14) brazil (14) bucky fuller (14) carbon emissions (14) fertiliser (14) matthew simmons (14) ambient energy (13) biodiesel (13) investment (13) kenya (13) public transport (13) big oil (12) biochar (12) chile (12) cities (12) desertec (12) internet of things (12) otec (12) texas (12) victoria (12) antarctica (11) cradle to cradle (11) energy policy (11) hybrid car (11) terra preta (11) tinfoil (11) toyota (11) amory lovins (10) fabber (10) gazprom (10) goldman sachs (10) gtl (10) severn estuary (10) volt (10) afghanistan (9) alaska (9) biomass (9) carbon trading (9) distributed generation (9) esolar (9) four day week (9) fuel cells (9) jeremy leggett (9) methane hydrates (9) pge (9) sweden (9) arrow energy (8) bolivia (8) eroei (8) fish (8) floating offshore wind power (8) guerilla gardening (8) linc energy (8) methane (8) nanosolar (8) natural gas pipelines (8) pentland firth (8) saul griffith (8) stirling engine (8) us elections (8) western australia (8) airborne wind turbines (7) bloom energy (7) boeing (7) chp (7) climategate (7) copenhagen (7) scenario planning (7) vinod khosla (7) apocaphilia (6) ceramic fuel cells (6) cigs (6) futurism (6) jatropha (6) nigeria (6) ocean acidification (6) relocalisation (6) somalia (6) t boone pickens (6) local currencies (5) space based solar power (5) varanus island (5) garbage (4) global energy grid (4) kevin kelly (4) low temperature geothermal power (4) oled (4) tim flannery (4) v2g (4) club of rome (3) norman borlaug (2) peak oil portfolio (1)