Magnesium Ion Batteries Could Offer Better Ecology

Spotlight Companies |

Molycor GoldThe eyes of the world were turned to Durban, South Africa this week as the United Nations conference on climate change met with hopes of finding a long-term solution to global warming. The message emerging from the conference was clear: more needs to be done to reduce the emission of greenhouse gases. While a number of different solutions have been floated, one potential technology has a chance to make a real difference: magnesium ion batteries.



The Key to Successful Electric Cars

Electric cars have long been a dream for environmentalists, but the limitations on range created by the current generation of lithium ion batteries makes the current crop of cars less than ideal. However, in January, Toyota Motor Corp. told the press that they were working on a technology that has the potential to solve this problem. Magnesium ion based batteries could have the potential to create electric cars that can travel further on a single charge. With fuel efficiency standards due to continue increasing both in Europe and the United States, the potential for an effective electric car could have ripple effects across the industry.

Magnesium Looks to Remain in High Demand

One offshoot of the magnesium ion battery could be continued high global demand for magnesium. This strategic metal has a number of uses in alloys and electronics, but use in car batteries could help to further boost that demand and continue to bolster a strong global market. As such, the presence of magnesium exploration and development projects like the Tami-Mosi Nevada Property of Molycor Gold Corp. (MOR.TSXV), (MLYFF), (M1V.F) present strong opportunities to harness the growth of magnesium demand. As of 2010, over 80 percent of the world's magnesium production occurred in China. This leaves well-positioned North American companies like Molycor well placed to enter the industry and take advantage currently stunted American magnesium production.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
BAA:CA Banro Corporation 0.19 0.01 5.71 149,190

Comments

Emerging Growth

Enertopia Corp

Enertopia Corp is engaged in the exploration of lithium in Nevada, USA. The Company's project includes Central Nevada Lithium Brine Projects.

Private Markets

Quants Inc

Quants, Inc, a California Corporation, develops, markets and operates financial technology platforms and alternative investment products offering sophisticated risk management since 2010. The Company has primarily sharpened its focus with…

WayBetter

The spark hit Jamie when he saw co-workers competing to lose weight. Instead of pizzas and subs, they were eating salads and jogging along the river. Some were sneakily leaving…