Momentum Players

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AMEL > "The Lithium Chase," a March 9, 2010 New York Times article, pointed out that, while about 25% of all Lithium produced is currently used for energy storage in smaller electronic goods, that proportion stands to sharply increase depending on the success of electric vehicles (EVs). EVs favor Lithium-ion batteries for their capacity to hold their charge longer while carrying more energy with less weight than batteries using other materials. The New York Times article also cited a report by investment adviser Byron Capital Markets that predicted a 40% increase in demand for Lithium from 2009 to 2014. In turn, the world's four largest Lithium producers – operating in Chile, Argentina and/or Australia – have indicated they are planning the expansion of long-running projects as warranted by future Lithium demand.(