~*~Mining and Metals Du Jour~*~

[jj494]

$FRRSF - The sheer size of the growth expected in the lithium market due to production of lithium ion batteries for automobiles deserves some analysis. As is outlined in Exhibit Three, the battery pack in a Tesla Model S, weighs over 1,000 pounds, with 15 pounds of lithium. In comparison, the average cell phone lithium ion battery contains only 30 grams of lithium. While the lithium mining and processing industries have barely been able to keep up with the demands related to laptop computers, tablets, and mobile devices, these companies must now plan to meet the demands for lithium ion batteries to be installed in millions of electrical vehicles. It is little wonder why prices have spiked and that the forecasts call for even higher prices, as electric vehicle production kicks into high gear.

http://globalsmallcaps.com/2017/12/04/join-the-lithium-boom-with-far-resources-ltd/