Maxtech Ventures Signs LOI to Acquire High-Grade Manganese

07 November 2016

Maxtech plans to procure the highest grade possible, which can be used in the Lithium Manganese Dioxide batteries, which contain 4% lithium, 61% manganese and 35% oxygen by atomic weight. Manganese dioxide “MnO2” is used as the primary cathode material, a critical active component, directly impacting battery performance. These batteries have a long-term reliability of 10 years, making them ideal for use in consumer electronics such as mobile phones, camcorders, notebook computers.

They are also automotive applications for hybrids and electric vehicles. According to Bloomberg, by 2020, about 2.2 million electric vehicles will be sold globally, up from 460,000 expected in 2016.

Other key features of these batteries include superior low-temperature characteristics, and high safety due to internal short-circuit prevention structure.

Source – Stock House