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Lithium Australia Signs Offtake with South Korean Battery Recycler, SungEel

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Lithium Australia NL (ASX: LIT) has built a rational portfolio of lithium projects/alliances (see figure below) and continues to conduct R&D on its disruptive proprietary extraction technologies (SiLeach® and LieNA®) for conversion of all lithium silicates (including mine waste), and of unused fines from spodumene processing, to lithium chemicals.

(Source: Company’s Report)

The company is also aspiring to produce advanced components, from those chemicals, for the global battery industry, and for stationary energy storage systems within Australia. Lithium Australia is essentially seeking to establish a vertically integrated lithium processing business, via integration of lithium recycling, extraction and processing.

On 6 November 2019, Lithium Australia’s subsidiary Envirostream Australia Pty Ltd (24%-owned) reported to have signed a memorandum of understanding (MoU) with South Korean largest battery recycler, SungEel HiTech Co., Ltd for the sale of recycled battery metals.

Pursuant to the MoU, Envirostream would exclusively supply metals extracted from recycled lithium-ion batteries (LIBs) out of Australia including mixed metal dust (MMD) containing the energy metals cobalt, nickel and lithium, all recovered from spent LIBs at Envirostream’s battery recycling plant in Melbourne, Australia. The shipments of MMD are scheduled to begin In November 2019 as Envirostream  recently expanded its recycling facilities.

SungEel is engaged in recovering important energy metals from LIB waste and leads the formulation of environmentally sustainable technologies, with multiple R&D programmes ongoing. The work being done by SungEel is imperative to achieving the vision of circular battery economy within Australian borders as well as internationally.

Currently, Envirostream is the only company based in Australia with the integrated capacity for collection, sorting, shredding and separation of all the components of spent LIBs, that Lithium Australia immediately recognised as highly complementary to its recycling capabilities.

According to CSIRO’s April 2019 forecast, the quantity of discarded LIBs in Australia is expected to grow from the 3,300 tonnes logged in 2016 to somewhere between 100,000 tonnes and 188,000 tonnes by 2036. Thus, LIT, working to deliver efficient recycling of battery waste, is directing investments across logistical infrastructure, a precursor to recycling of lithium ion batteries via its tie up with Envirostream Australia, which would support recycling countrywide and application of its technical experience to other jurisdictions in time to come.

Lithium Australia and Envirostream Australia had joined hands in April 2019 when Envirostream issued shares to Lithium Australia and MD Adrian Griffin was appointed as director of that company. This collaboration further strengthened LIT’s resolve for creation of a circular economy involving recovery of metals from LIB waste, with subsequently rebirthing battery components using its ground-breaking, patented cathode-powder production technology by VSPC Ltd, which is a wholly-owned subsidiary of Lithium Australia.

Since then, the two parties have been engrossed in working towards the development of environmentally responsible solutions to the pressing issues that spent LIBs represent in a world shifting towards renewable energy sources. Recently in October 2019, Lithium Australia had further increased its equity interest from 18.9% to 23.9% in Envirostream via investment of an additional $ 100,000.

In recycling spent LIBs, Lithium Australia is targeting to meet the ethical, social and governance standards that the community expects major companies to abide by. Besides, worldwide, the improvements in resource sustainability and reductions in the environmental footprint of portable power are expected to further fortify the world’s capacity to cope with and mitigate climate change. With that backdrop, Lithium Australia’s increased investment in recycling in general as well as in EA in particular, represents a tremendous opportunity to meet its goal.

Stock Performance

On 08 November 2019, the stock of Lithium Australia was trading high at AUD 0.037, climbing up 8.82% mid-day by AUD 0.003. LIT has a market capitalisation of around AUD 18.17 million with ~ AUD 534.27 million shares outstanding.


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This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. The above article is sponsored but NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) under discussion. We are neither licensed nor qualified to provide investment advice through this platform.

Start discussion with value Investors for ASX Stock Market Investment and Opinion.

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Those phrases have become increasingly common as marijuana legalization spreads.

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A Dance That Stops 2 of Neptune’s Moons From Colliding

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Neptune is the loneliest planet in the solar system. The ice giant, orbiting the sun at a distance of 2.8 billion miles, is the only planet that cannot be seen by the naked eye. Along with Uranus, we have only paid it a single visit, back when Voyager 2 zipped by in the late-1980s.

Even harder to see are the planet’s handful of moons. The fourteenth was only officially detected in February, and little is known about most of the others. But by using a combination of Hubble observations, Earth-based telescopes and data collected by Voyager 2, scientists have unearthed a curious quirk of its two innermost moons Naiad and Thalassa. These tiny worlds are engaged in a dance routine that has never been seen in the cosmos.

“These two things are definitely doing something weird,” said Marina Brozović, an expert in solar system dynamics at NASA’s Jet Propulsion Laboratory and the lead author of a study published in the journal Icarus last week.

Thalassa’s orbit around Neptune takes about seven and a half hours to complete; Naiad, hewing closer to the planet, takes seven. The two travel no fewer than 1,150 miles of one another. Crucially, Naiad’s orbit is tilted with respect to its partner. It zips up and down, passing by Thalassa twice from above then twice from below, a cycle that repeats whenever Naiad has lapped Thalassa four times.

This may appear chaotic at first. But Naiad’s perfectly timed undulations provide orbital stability, said Dr. Brozović. Every time these 60-mile-long, pill-shaped, icy moons line up, they are as far apart as they can get. Another, perhaps less meandering configuration could see the two diminutive moons move too close to each other and find their gravity fields entangled. This could irreversibly disturb their orbits, leading to a fatal collision or a dramatic expulsion from Neptune’s orbit.

Naiad and Thalassa’s strange salsa — a type of repeating orbital pattern known as an orbital resonance — was likely set up in the distant astronomical past.

Long ago, Neptune captured its largest moon, Triton. The large icy object was most likely stolen from the Kuiper belt beyond Neptune’s orbit, home to Pluto, Eris and many other distant worlds. Whatever moons already orbited Neptune at that time were severely perturbed by this gate-crasher. Some were annihilated through collisions or from being torn apart in Neptune’s gravitational well. This produced Neptune’s rings and its innermost moons, including Naiad and Thalassa, which serendipitously fell into their odd yet steady orbits.

This unexpected finding is a reminder that we still know so little about Neptune and its moons, said Paul Schenk, a planetary geologist at the Lunar and Planetary Institute in Houston who wasn’t involved with the study. Only if we decide to pay it a second visit — an idea recently proposed to NASA — will its bounty of secrets be revealed, he said.

Naiad and Thalassa’s periodic, repetitive cha-cha is not the only noteworthy orbital resonance in the solar system.



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Global Electrical Testing Services Market Split by Product Types, with Sales, Revenue, Price, Market Share Analysis during the Forecast Year 2025

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The global Electrical Testing Services market was valued at xx million US$ in 2018 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.

This report focuses on Electrical Testing Services volume and value at global level, regional level and company level. From a global perspective, this report represents overall Electrical Testing Services market size by analyzing historical data and future prospect.

Regionally, this report categorizes the production, apparent consumption, export and import of Electrical Testing Services in North America, Europe, China, Japan, Southeast Asia and India.

For each manufacturer covered, this report analyzes their Electrical Testing Services manufacturing sites, capacity, production, ex-factory price, revenue and market share in global market.

Access the PDF sample of the report @ https://www.orbisresearch.com/contacts/request-sample/3693239

The following manufacturers are covered:

Inel

Technomark

Voltech

Inser Hitech

Powertest

Rulka

Ultra Electric

JBS

Segment by Regions

North America

Europe

China

Japan

Southeast Asia

India

Segment by Type

Transformer Testing

Circuit Breaker Testing

Protection Testing

Battery Testing

Segment by Application

Power Generation Stations

Transmission & Distribution Stations

Steel Plants

Major Refineries

Railways

Browse the full report @ https://www.orbisresearch.com/reports/index/global-electrical-testing-services-market-professional-survey-report-2019

Table of Contents

Executive Summary

Chapter One: Industry Overview of Electrical Testing Services

1.1 Definition of Electrical Testing Services

1.2 Electrical Testing Services Segment by Type

1.2.1 Global Electrical Testing Services Production Growth Rate Comparison by Types (2014-2025)

1.2.2 Transformer Testing

1.2.3 Circuit Breaker Testing

1.2.4 Protection Testing

1.2.5 Battery Testing

1.3 Electrical Testing Services Segment by Applications

1.3.1 Global Electrical Testing Services Consumption Comparison by Applications (2014-2025)

1.3.2 Power Generation Stations

1.3.3 Transmission & Distribution Stations

1.3.4 Steel Plants

1.3.5 Major Refineries

1.3.6 Railways

1.4 Global Electrical Testing Services Overall Market

1.4.1 Global Electrical Testing Services Revenue (2014-2025)

1.4.2 Global Electrical Testing Services Production (2014-2025)

1.4.3 North America Electrical Testing Services Status and Prospect (2014-2025)

1.4.4 Europe Electrical Testing Services Status and Prospect (2014-2025)

1.4.5 China Electrical Testing Services Status and Prospect (2014-2025)

1.4.6 Japan Electrical Testing Services Status and Prospect (2014-2025)

1.4.7 Southeast Asia Electrical Testing Services Status and Prospect (2014-2025)

1.4.8 India Electrical Testing Services Status and Prospect (2014-2025)

Chapter Two: Manufacturing Cost Structure Analysis

2.1 Raw Material and Suppliers

2.2 Manufacturing Cost Structure Analysis of Electrical Testing Services

2.3 Manufacturing Process Analysis of Electrical Testing Services

2.4 Industry Chain Structure of Electrical Testing Services

Chapter Three: Development and Manufacturing Plants Analysis of Electrical Testing Services

3.1 Capacity and Commercial Production Date

3.2 Global Electrical Testing Services Manufacturing Plants Distribution

3.3 Major Manufacturers Technology Source and Market Position of Electrical Testing Services

3.4 Recent Development and Expansion Plans

Chapter Four: Key Figures of Major Manufacturers

4.1 Electrical Testing Services Production and Capacity Analysis

4.2 Electrical Testing Services Revenue Analysis

4.3 Electrical Testing Services Price Analysis

4.4 Market Concentration Degree

Chapter Five: Electrical Testing Services Regional Market Analysis

5.1 Electrical Testing Services Production by Regions

5.1.1 Global Electrical Testing Services Production by Regions

5.1.2 Global Electrical Testing Services Revenue by Regions

5.2 Electrical Testing Services Consumption by Regions

5.3 North America Electrical Testing Services Market Analysis

5.3.1 North America Electrical Testing Services Production

5.3.2 North America Electrical Testing Services Revenue

5.3.3 Key Manufacturers in North America

5.3.4 North America Electrical Testing Services Import and Export

5.4 Europe Electrical Testing Services Market Analysis

5.4.1 Europe Electrical Testing Services Production

5.4.2 Europe Electrical Testing Services Revenue

5.4.3 Key Manufacturers in Europe

5.4.4 Europe Electrical Testing Services Import and Export

5.5 China Electrical Testing Services Market Analysis

5.5.1 China Electrical Testing Services Production

5.5.2 China Electrical Testing Services Revenue

5.5.3 Key Manufacturers in China

5.5.4 China Electrical Testing Services Import and Export

5.6 Japan Electrical Testing Services Market Analysis

5.6.1 Japan Electrical Testing Services Production

5.6.2 Japan Electrical Testing Services Revenue

5.6.3 Key Manufacturers in Japan

5.6.4 Japan Electrical Testing Services Import and Export

5.7 Southeast Asia Electrical Testing Services Market Analysis

5.7.1 Southeast Asia Electrical Testing Services Production

5.7.2 Southeast Asia Electrical Testing Services Revenue

5.7.3 Key Manufacturers in Southeast Asia

5.7.4 Southeast Asia Electrical Testing Services Import and Export

5.8 India Electrical Testing Services Market Analysis

5.8.1 India Electrical Testing Services Production

5.8.2 India Electrical Testing Services Revenue

5.8.3 Key Manufacturers in India

5.8.4 India Electrical Testing Services Import and Export

Chapter Six: Electrical Testing Services Segment Market Analysis (by Type)

6.1 Global Electrical Testing Services Production by Type

6.2 Global Electrical Testing Services Revenue by Type

6.3 Electrical Testing Services Price by Type

Chapter Seven: Electrical Testing Services Segment Market Analysis (by Application)

7.1 Global Electrical Testing Services Consumption by Application

7.2 Global Electrical Testing Services Consumption Market Share by Application (2014-2019)

Chapter Eight: Electrical Testing Services Major Manufacturers Analysis

8.1 Inel

8.1.1 Inel Electrical Testing Services Production Sites and Area Served

8.1.2 Inel Product Introduction, Application and Specification

8.1.3 Inel Electrical Testing Services Production, Revenue, Ex-factory Price and Gross Margin (2014-2019)

8.1.4 Main Business and Markets Served

8.2 Technomark

8.2.1 Technomark Electrical Testing Services Production Sites and Area Served

8.2.2 Technomark Product Introduction, Application and Specification

8.2.3 Technomark Electrical Testing Services Production, Revenue, Ex-factory Price and Gross Margin (2014-2019)

8.2.4 Main Business and Markets Served

8.3 Voltech

8.3.1 Voltech Electrical Testing Services Production Sites and Area Served

8.3.2 Voltech Product Introduction, Application and Specification

8.3.3 Voltech Electrical Testing Services Production, Revenue, Ex-factory Price and Gross Margin (2014-2019)

8.3.4 Main Business and Markets Served

8.4 Inser Hitech

8.4.1 Inser Hitech Electrical Testing Services Production Sites and Area Served

8.4.2 Inser Hitech Product Introduction, Application and Specification

8.4.3 Inser Hitech Electrical Testing Services Production, Revenue, Ex-factory Price and Gross Margin (2014-2019)

8.4.4 Main Business and Markets Served

8.5 Powertest

8.5.1 Powertest Electrical Testing Services Production Sites and Area Served

8.5.2 Powertest Product Introduction, Application and Specification

8.5.3 Powertest Electrical Testing Services Production, Revenue, Ex-factory Price and Gross Margin (2014-2019)

8.5.4 Main Business and Markets Served

8.6 Rulka

8.6.1 Rulka Electrical Testing Services Production Sites and Area Served

8.6.2 Rulka Product Introduction, Application and Specification

8.6.3 Rulka Electrical Testing Services Production, Revenue, Ex-factory Price and Gross Margin (2014-2019)

8.6.4 Main Business and Markets Served

8.7 Ultra Electric

8.7.1 Ultra Electric Electrical Testing Services Production Sites and Area Served

8.7.2 Ultra Electric Product Introduction, Application and Specification

8.7.3 Ultra Electric Electrical Testing Services Production, Revenue, Ex-factory Price and Gross Margin (2014-2019)

8.7.4 Main Business and Markets Served

8.8 JBS

8.8.1 JBS Electrical Testing Services Production Sites and Area Served

8.8.2 JBS Product Introduction, Application and Specification

8.8.3 JBS Electrical Testing Services Production, Revenue, Ex-factory Price and Gross Margin (2014-2019)

8.8.4 Main Business and Markets Served

Chapter Nine: Development Trend of Analysis of Electrical Testing Services Market

9.1 Global Electrical Testing Services Market Trend Analysis

9.1.1 Global Electrical Testing Services Market Size (Volume and Value) Forecast 2019-2025

9.2 Electrical Testing Services Regional Market Trend

9.2.1 North America Electrical Testing Services Forecast 2019-2025

9.2.2 Europe Electrical Testing Services Forecast 2019-2025

9.2.3 China Electrical Testing Services Forecast 2019-2025

9.2.4 Japan Electrical Testing Services Forecast 2019-2025

9.2.5 Southeast Asia Electrical Testing Services Forecast 2019-2025

9.2.6 India Electrical Testing Services Forecast 2019-2025

9.3 Electrical Testing Services Market Trend (Product Type)

9.4 Electrical Testing Services Market Trend (Application)

10.1 Marketing Channel

10.1.1 Direct Marketing

10.1.2 Indirect Marketing

10.3 Electrical Testing Services Customers

Chapter Eleven: Market Dynamics

11.1 Market Trends

11.2 Opportunities

11.3 Market Drivers

11.4 Challenges

11.5 Influence Factors

Chapter Twelve: Conclusion

Chapter Thirteen: Appendix

13.1 Methodology/Research Approach

13.1.1 Research Programs/Design

13.1.2 Market Size Estimation

13.1.3 Market Breakdown and Data Triangulation

13.2 Data Source

13.2.1 Secondary Sources

13.2.2 Primary Sources

13.3 Author List

13.4 Disclaimer

Direct purchase the report @ https://www.orbisresearch.com/contact/purchase-single-user/3693239

About Us:

Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customized reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialization. This helps our clients to map their needs and we produce the perfect required market research study for our clients.

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WeWork lays off 2,400 employees

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A pedestrian walks by a WeWork office on October 07, 2019 in San Francisco, California. Days after withdrawing its registration for an initial public offering, WeWork also warned employees that the company could be set to lay off nearly 2,000 people, about 16 percent of its workforce.

Justin Sullivan | Getty Images

WeWork is laying off 2,400 employees as it works to cut costs and right-size the business, the company confirmed to CNBC.

In a statement, a WeWork spokesperson told CNBC that the cuts were being made as part of the company’s efforts to “create a more efficient organization” and refocus on the core office-sharing business. The job cuts represent 19% of WeWork’s total workforce, which amounted to 12,500 employees as of June 30, according to an SEC filing.

“The process began weeks ago in regions around the world and continued this week in the U.S.,” the spokesperson said. “This workforce reduction affects approximately 2,400 employees globally, who will receive severance, continued benefits, and other forms of assistance to aid in their career transition. These are incredibly talented professionals and we are grateful for the important roles they have played in building WeWork over the last decade.”

Leading up to the announcement, reports of forthcoming job cuts had been circulating for weeks. The New York Times reported on Sunday that WeWork could cut at least 4,000 jobs across its core office-sharing business and some side ventures. In October, Marcelo Claure, WeWork’s new executive chairman, warned that layoffs would be on the way but didn’t say how many would be announced.

Claure said in a memo to employees earlier this week that the company will hold an all-hands meeting at 10 a.m. Eastern Friday to address the changes coming to the company.

The layoffs come after several tumultuous months for WeWork. In September, the beleaguered start-up pulled its IPO filing after investors balked at its mounting losses and unusual corporate governance structure. The scrutiny forced WeWork founder Adam Neumann to step down from his role as CEO, with Sebastian Gunningham and Artie Minson stepping in as co-CEOs.

WeWork was poised to run out of money in a matter of weeks, but secured an eleventh-hour bailout deal from SoftBank, its biggest investor. With a new owner in place, WeWork is expected to make sweeping changes to its business, including divesting non-core businesses and focusing on enterprise customers, instead of small and mid-sized clients. However, the company continues to bleed cash, reporting $1.25 billion in losses in the third quarter, up more than 150% from the same period last year.



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