The future of electric vehicles is imminent.
According to the International Energy Agency, global electric vehicle numbers are projected to hit 145 million by the end of 2030. Companies like Tesla (NASDAQ: TSLA), Ford (NYSE: F) and General Motors (NASDAQ: GM) are focusing on producing the best electric cars, while cities mull over possible infrastructure changes to support this new venture. A world full of electric vehicles is fast approaching, and yet it seems one question that remains overlooked could be the most important of them all:
Where are all these batteries coming from?
Lithium-ion batteries are the preferred choice for electric vehicles, powering millions of people on the road each year. However, with the increased level of demand, many worry there may not be enough supply for the newfound electrification industry. One company, American Battery Technology Company (ABTC) (OTCQB: ABML), is solving this problem by using its unique mineral extraction and battery recycling process in a clean, energy-efficient way.
Because few today offer reliable and cost-efficient methods to recycle these batteries, ABTC developed its own process. Popular methods don’t filter contaminants accurately but smelt materials in blast furnaces, lose precious materials in the process and contribute to landfills and poor waste management. However, ABTC’s process offers a few key differentiating components:
High separation of low-value byproducts
Targeted removal of contaminants
Deep...
Read Full Story: https://finance.yahoo.com/news/american-battery-technology-company-powering-121408901.html
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