- Increased EV production is driving development of battery technologies
- LMD batteries deliver high power output, thermal stability and enhanced safety
- Extensive manganese assets in Brazil and Zambia at easily accessible depths
Driven by increasing production of electric vehicles (EVs), demand for the metals used in the manufacture of EV batteries has risen, and so has their prices. Analysts at Morgan Stanley expect ‘lithium prices to peak at around $13,000 a ton this year’, according to a report by Business Insider, and the price of cobalt, currently $91,000 per tonne (metric ton), has risen over 70 percent in the past year (http://nnw.fm/UVG7r). Yet the price of manganese seems unable to cross the $2,120 per tonne mark, where it has floundered since 2013 (http://nnw.fm/PjH4k). That is likely to change soon, a development upon which Maxtech Ventures Inc. (OTC: MTEHF) (CSE: MVT) (FRANKFURT: M1N) is betting. As battery manufacturers turn to lithiated manganese dioxide (LMD) batteries, the junior exploration company continues to advance work on several high-grade manganese projects. It recently announced plans to form a joint venture with Andorra Participacoes e Empredimentos Ltda to explore 40,000 hectares in the State of Pará, Brazil.
The use of manganese in batteries predates the proliferation of lithium technologies. It is used extensively in the form of electrolytic manganese (EMD) as the cathode for batteries, with higher-grade EMD being employed in AA and AAA batteries and lower quality used to make…
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