Business
NovoCarbon Corp: An Emerging Energy Metals Processor Ready For Electric Vehicle Surge -- Spotlight Growth
NovoCarbon Corp: An Emerging Energy Metals Processor Ready For Electric Vehicle Surge -- Spotlight Growth.
About this update from Great Lakes Graphite Inc
[{"type":"text","content":"\nSacramento, CA., July 11, 2018 (GLOBE NEWSWIRE) -- Spotlight Growth has published new content on Great Lakes Graphite, Inc., doing business as NovoCarbon Corporation (OTCQB: GLKIF) (TSXV: GLK).  NovoCarbon Corp. operates as a clean technology minerals processing company.  \n The report provides an overview of NovoCarbon Corp., its operations, financials, industry analysis, overview of electric vehicle outlook and more.   Global Electric Vehicle Market Forecast To Reach US$356.50 Billion By 2023: Market Research Future Electric vehicles (EV) are increasingly becoming a common sight on global roads, as consumers continue to warm up to the new technology. While there are many global automotive manufacturers that are beginning to ramp up development and production of electric vehicles, Tesla, Inc. is largely seen as one of the current industry leaders. Unlike their gas-powered counterparts, the power of EVs is almost all derived from sophisticated energy storage technologies, or batteries. EV batteries are comprised of highly-valuable energy metals, such as: lithium, graphite, nickel, cobalt, and more. In fact, in a Tesla Model S alone, there is 54 kg of graphite in the battery anode. In other words, EVs require a lot of high-quality and processed energy metals in order to perform.  According to Market Research Future, the global electric vehicle market is estimated to grow from US$106.5 billion in 2016 to US$356.50 billion by 2020. This represents a compound annual growth rate (CAGR) of 18.96%.  As the high-growth electric vehicle market continues to mature, the demand for quality energy metals will only soar. As noted above, these advanced batteries contain a lot of energy metals. This means that miners, processors, and distributors of these highly-important commodities will continue to be in high demand, as the electric vehicle revolution continues to heat up. NovoCarbon Corp: Recent Business Focus Shift Provides Greater Ability to Capture Market Share In EV Boom NovoCarbon Corp. is a Canadian clean energy minerals processing company, which supplies customers with proprietary, high-quality, and value-added carbon products. The company recently announced earlier this year plans to shift its business focus to capture potentially capture a larger share of the el...