The only battery that will currently allow the advertised performance of these new electric cars is the Lithium-ion battery. Each of the manufacturers of those batteries will need a reliable source of lithium carbonate.
Bluffton, S.C. (PRWEB) July 15, 2010
If you’re an investor, a Wall Street professional or just a consumer interested in knowing about Lithium, one of the most exciting rare metals impacting everything from electric cars to laptop computers, then you’re in luck. Conservative Speculator (accessed from http://www.WallStreetCorner.com), a Bluffton, South Carolina-based international newsletter with readers in 96 countries worldwide, today announced that it has published a Special Investigative Report entitled “All About Lithium.”
According to Larry Oakley, editor and publisher of Conservative Speculator and author of the “All About Lithium” special report, “The Lithium report answers five essential questions on the minds of most people. First, what exactly is Lithium? Second, where does Lithium come from? Third, what is Lithium’s primary use? Fourth, how large is the market for Lithium? And fifth, should I invest in the companies that produce Lithium?”
Oakley believes that Lithium will have a dramatic impact on the development of electric cars. “All those mostly electric cars will need batteries,” he stated in the report. “The only battery that will currently allow the advertised performance of these new electric cars is the Lithium-ion battery. Each of the manufacturers of those batteries will need a reliable source of lithium carbonate.”
The Conservative Speculator editor sees Chile as the nation offering the greatest potential for Lithium mining and production results over the next decade. The report cites Benjamin Schneider, editor of the Santiago Times as stating, “Currently, Chile has the world’s largest Lithium mining industry, exporting roughly U.S. $300 million a year” Schnieder points out that the SanChilean Mining Minister Laurence Golborne is looking to increase that tenfold to US$3 Billion in the next few decades. Chile has one of the world’s largest & most easily accessible Lithium reserves, found in the brines underneath the Atacama Salt Flat in northern Chile.
Which Lithium mining companies does Oakley think people should keep an eye on? “Pan American Lithium Corp. (Other OTC: PALTF) based in Tucson, Arizona is one of my companies to watch. It has an existing portfolio of 100% ownership rights in nine surface brine lake projects (salars) in the Atacama Region III of Chile covering a cumulative area in excess of 11,500 hectares. One of the company’s best Chilean salars is Laguna Verde, which can be pretty easy to pump & extract brines from. This gives Pan American a tremendous advantage over its competitors, as the Chilean projects could be the lowest product cost among other sources of lithium & are going to be the first in getting the resource estimates, taking them to feasibility & ultimate production.”
Oakley also stated that FMC Corporation (NYSE:FMC), a diversified chemical company serving agricultural, industrial & consumer markets globally, is another exciting company to watch in the Lithium sector. FMC Lithium recently joined leading U.S. battery & advanced materials companies & one of the country’s largest national laboratories to form the National Alliance for Advanced Transportation Battery Cell Manufacture to manufacture advanced Lithium-ion battery cells for transportation applications in the U.S. From its headquarters in Charlotte, North Carolina, FMC serves markets including battery & energy.
Finally, Oakley also likes Lithium Americas Corp. (TSX: LAC or LAC.TO), another junior exploratory company focused on the exploration of Lithium, potassium, borax, & other minerals in South America. “Its principal & most advanced property comprises a significant portion of two adjacent Argentinean salt lakes, Cauchari & Olaroz, covering 43,451 hectares located in the Puna Plateau. The Puna Plateau is a prolific brine reserve region. Lithium Americas’ principal property has an inferred resource estimate of 4.9 million metric tons of Lithium carbonate, one of the largest known Lithium brine deposits. Its brine quality is higher than one of the world’s three current commercial deposits, & on-par with a second. Magna International & Mitsubishi Corporation are both equity investors in Lithium Americas Corp.”
“Only those Lithium producers that have effectively laid the foundation of steps that allow production to quickly begin will be able to meet a reasonable production level,” stated Oakley. “These are the companies to watch and profit from in the years ahead.”
Safe Harbor Statement: This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. There are a number of factors that could cause actual results and developments to differ materially from forecasted results. These risks and uncertainties include market conditions, regulatory approvals, and other risks.
Contact: Larry Oakley, editor, WallStreetCorner.com, Inc.
# # #