NEW YORK, April 12, 2017 /PRNewswire/ --
Data published in a research report by Freedonia Group World, projects that demand will rise 8.8% annually through 2019 to a 50,500 metric tons. North America is projected to exhibit the most rapid gains in lithium demand, driven by strong growth in the production of Li-Ion batteries. Li-Ion battery production is also forecast to expand in Europe, especially in Germany, further increasing global competition in the lithium market. This forecast predicts that the market will be driven by rapidly expanding use of Li-Ion batteries in hybrid and electric vehicles, energy storage systems, and high-drain portable electronics. SourcingLink.net, Inc. (OTC: SNET), Lithium Americas Corp. (OTC: LACDF), Pure Energy Minerals Ltd. (OTC: PEMIF), Advantage Lithium Corp. (OTC: AVLIF), Nevada Sunrise Gold Corp. (OTC: NVSGF)
Production of lithium batteries are also expected to accelerate in the long term thanks to improving incomes in emerging economies, which will increase purchases of better performing electronic products, therefore batteries as well. Other major markets for lithium includies glass and ceramics, lubricating grease, and metallurgy, are all forecast to post relatively moderate annual gains through 2019.
SourcingLink.net, Inc. (OTC: SNET) on March 10th announced that it has negotiated to purchase 11 additional Lithium claims located on the CYR South Property in Quebec Canada. The agreement will be finalized on April 15th, 2017.
"No commodity had a better 2016 than lithium. Just nine months ago, it was selling for $5,000 per metric ton. Now it's at $8,500 and could make $10,000 by year-end... When it comes to commodities, gold and oil get all the glory -- but lithium is the one that's really getting it done." April 2017 http://subscribe.outsiderclub.com/114362
"I am very excited about this new addition to SNET's portfolio. We are expanding, and Lithium Cyr South Property is a great asset." - Anne Carioti, CEO.
Lithium Americas Corp. (OTCQX: LACDF) strives to provide the enabling chemicals for better energy solutions through its Lithium and RheoMinerals organoclay businesses. The company is developing the Cauchari-Olaroz lithium project, located in Jujuy, Argentina, through its 50% interest in Minera Exar. On March 29th, 2017, the company provided results of a Definitive Feasibility Study ("Stage 1 DFS") on the Cauchari-Olaroz lithium project. The Stage 1 DFS is based on using a conventional, commercially-proven brine processing technology at Cauchari-Olaroz to produce high quality battery-grade lithium carbonate that can be used directly by battery material producers in manufacturing cathode and electrolyte for lithium-ion batteries.
Pure Energy Minerals Ltd. (OTCQB: PEMIF) is a lithium resource developer that is driven to become a low-cost supplier for the burgeoning lithium battery industry. The Company is currently focused on the development of the CVS Lithium Brine Project and the adjoining Glory Lithium Clay Project in Clayton Valley, Nevada. On March 27th, 2017, the company announced that it has completed a constant-rate pumping test at its newest exploration well, CV-8, at the Clayton Valley South Project (the "CVS Project"). The test ran continuously for three days and included a collection of brine samples along with extensive hydrogeological data on the brine aquifer system.
On April 6th, 2017, Advantage Lithium Corp. (OTCQX: AVLIF) and its joint venture partner, Nevada Sunrise Gold Corp. (OTC: NVSGF) announced that a regional drilling program has commenced at the Neptune Lithium Project ("Neptune") located in the southern Clayton Valley of Nevada, USA. One borehole will be drilled to a depth of approximately 610m (2,000 feet) and will follow up on encouraging results from a 2016 lithium brine drilling program carried out by Nevada Sunrise. Other boreholes are planned at the Jackson Wash, Aquarius and Gemini projects in the coming months. Neptune consists of 316 unpatented 20-acre placer claims totaling approximately 6,320 acres (2,557 hectares) and is located in an active area of lithium exploration and mining.
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