Li3 Energy, Inc. entered an exclusive agreement to apply a patented technology to enhance recovery and efficient production of lithium.
With international trade related indicators, such as export orders and container shipping rates, pointing towards weaker global trade growth, the lithium market outlook may face some challenges. However, a case can also be made that in the absence of last year's unpredictable natural events a more positive business and overall investment climate may return for lithium producers and juniors.
By showing a commitment to clean energy initiatives, governments around the world are opening the doors for lithium producers to take advantage new demand in commercialized electric vehicle and lithium battery technologies.
Despite a challenging year, some new lithium battery technological developments may be paving a new brighter future for electric vehicles and growth of the broader lithium industry.
Last week, Rockwood Holdings' lithium business, Chemetall Lithium, announced a new lithium production facility, specifically producing butyllithium in Gujarat, India.
Overall outlook for the lithium industry is dependent upon demand from a number of contributing areas including future adoption and accelerated market penetration within the electric vehicle industry as well as continued global demand for consumer electronics and mobile devices according to some analysts.
The Mainichi Daily News reported that South Korea increased its market share of shipments of lithium batteries.
The Vancouver Sun reports Lithium Americas Corp. (TSE:LAC) will produce lithium carbonate at its Cauchari-Olaroz project in Argentina.
Rock Tech Lithium Inc. (CVE:RCK) reports that it has entered into a Memorandum of Understanding with BNA,BZA and AZA First Nations in regards to the development of the Georgia Lake Lithium project, Thunder Bay Mining District of northwest Ontario.
Nortec Minerals Corp. (CVE:NVT) reports assay results from the recently completed exploration drill programme on the Marttalanniemi prospect, Seinajoki gold project, Finland. The Company has an option to earn a 100% interest in the Seinajoki Project from Akkerman Exploration B.V. (“AEbv”), a private company based in the Netherlands. For complete news release, click here. For Nortec [...]
Thursday, January 26, 2012