Following high nickel and power battery recycling, lithium battery manufacturers have encountered another new challenge: the lack of funds. With the surge in demand for new energy vehicles, various manufacturers have gone to raw materials to purchase lithium raw materials. According to Bloomberg News, Altura Mining Co., Ltd. is taking the time to transport raw materials from Australia to the world's largest electric vehicle market. While lithium prices continue to be high, Brown, the managing director of Altura Mining, is also raising money around the world to fund new lithium mines. Castlelake LP, a private equity firm based in Minneapolis, helped arrange $110 million in bonds. However, it should be noted that the interest rate for this financing is as high as 15%, which is almost twice the rate that banks usually charge traditional mining companies. Brown, who has worked in coal companies for 22 years, said that for banks, the lithium project is not their preferred financing target. If it is a coal, gold or iron ore project, there is no problem in finding financing. Although the global demand for lithium demand is good, with the acceleration of electric vehicle production, the lithium industry will inevitably have problems with capital financing. For the financing of funds, banks are still cautious about the lithium industry. They cited examples of bad cases in the early stages of the industry, especially in the case of small and opaque markets. Market participants believe that if there is no investment to enter the market, the problem of tight supply of lithium goods will still exist, and the trend of three times the price has risen since 2015 will continue. According to Australian manufacturer Galaxy Resources Ltd. The data shows that the company needs to invest about $12 billion to make production five times higher in 2025 and keep pace with the world's growing battery demand. But so far, the project has not received enough funds to achieve this goal. Nemaska ​​Lithium Inc. Guy Bourassa, CEO, said there is no clear idea of ​​how long it takes for battery manufacturers and automakers to put a mining project into operation. It is reported that the company spent about 18 months to investigate a project worth 1.1 billion Canadian dollars (about 830 million US dollars) in mines and processing plants. Headquartered in Brisbane, Australia Orocobre Limited Richard Seville, Chief Executive Officer, said the company in 2015 began sales of lithium batteries in northern Argentina, but lack of access to funding, makes it difficult to increase production, lack of funding problems delayed The original project development process. He said: "Because these projects are not easy to carry out, banks don't want to invest at all." The Commonwealth Bank of Australia said in a report in August that the financing difficulties of lithium-ion companies are partly due to the fact that The lender is worried about the risk of a sharp fall in commodity prices, so it is still cautious about the lithium industry. However, there is no physical comment on the lithium market. According to data compiled by Bloomberg, although the financial resources including loans and bonds in 2017 were 255 billion US dollars and project financing was 13 billion US dollars, compared with 2014, it still fell by more than 70%. This year's data shows that the total amount of projects issued so far is $6.1 billion. Ct26 Core Assembly,Toyota Turbocharger Core,Toyota Replacement Core,Toyota Cartridge Assembly Fengcheng Fire Turbocharger Manufacturing Co; Ltd. , https://www.fireturboexpert.com