NGCG New Generation Consumer Group Inc (PK)

NGCG – Potential Acquisition Candidate For Top Lithium Producers
 
Vancouver, Canada -- April 6, 2018, www.penniesgonewild.com (via InvestorsHub NewsWire) -- a leading independent micro cap media portal with an extensive history of providing unparalleled content for undervalued companies, reports on New Generation Consumer Group, Inc. (OTC Pink: NGCG).
 
Highlights:
NGCG specializes in Lithium
Potential Acquisition Candidate
 
NGCG may not be at these levels much longer.
See the 2018 filing and more on New Generation Consumer Group, Inc. (OTC Pink: NGCG) on  https://penniesgonewild.com/wild-picks-due-diligence
New Generation Consumer Group Inc. is a US based metal/minerals company with a primary focus on the rare metals, headquartered in Los Angeles, California. NGCG specializes in metals such as Lithium, Gold and Silver. There will be a emphasis on niche based metals such as Lithium due to the growing demand because of the new energy storage technology.

Look how Lithium prices performed in 2017 and it remain strong through out the year. Lithium has been trend for the last few years as well. Looking ahead to 2018, supply constraints look set to continue as the lithium demand forecast rises. In terms of demand, analysts agree that the lithium space will be led by battery production. “While most of the major battery expansions are due to come into production closer to 2020, a lot of battery producers will be looking to secure their raw material supply chains ahead of these expansions,” Benchmark Mineral Intelligence analyst Andrew Miller explained.

 
 
 “The continued pricing strength in lithium has been a surprise,” said Chris Berry of House Mountain Partners and the Disruptive Discoveries Journal. He added that his previous demand forecast out to 2025 for lithium ended up being too low.

“I thought the lithium market (on a LCE basis) would grow to roughly 550,000 tonnes per year, [but] in the middle of the year I adjusted this upwards to 617,000 tonnes by 2025. This still appears too conservative based on potential gigafactory-scale expansion,” he added.

In fact, Benchmark Mineral Intelligence is now tracking 26 megafactories, up from just three back in 2014. The combined planned capacity of these plants is 344.5 GWh. To put that into perspective, total lithium-ion cell demand in 2017 is estimated at 100 GWh. While that number might seem high, global
lithium-ion battery demand is expected to grow between six and seven times by 2026, which will require a battery pipeline of nearly double what exists today.

“We said a few years ago that the present lithium price run will continue, and it has. It has, and it’s gone into a second phase now,” Benchmark Mineral Intelligence Managing Director Simon Moores told the Investing News Network at this year’s Cathodes conference.

“Quite simply, there’s not enough supply to meet the demand, and the demand is increasing quicker than the supply is. Much, much quicker. Therefore, lithium’s price will remain strong for some time,” he added.

For his part, lithium expert Joe Lowry said in his Lithium in Review report that “2017 was a year when virtually all the positive surprises were on the demand side and most of the negative surprises were on the supply side.” The expert also recently explained that the “Star Alliance of the lithium market” was one of the major trends this past year.

Lithium Demand
Lithium’s demand is rooted in the following applications Lubricant Grease, Glass, Ceramics, Health Products, Batteries, Meatallurgic, Air Treatment, Polymers and Others

Potential Acquisition Candidate
New Generation Consumer Group Inc. with only 750M AS, 470 OS and total assets of $7.1M position itself for a potential buyout or to be acquired by one of the following top lithium producers.

(NYSE:FMC), (NYSE:ALB), (NYSE:SQM), (NSQ:TSLA), (NYSE:LAC), (TSE:NMX), (CVE:AAL)

NGCG may not be at these levels much longer.
See the Filings and more on New Generation Consumer Group Inc. at https://penniesgonewild.com/wild-picks-due-diligence (OTC Pink: NGCG)  
 
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