Strategic Asset Leasing Inc (fka LEAS)

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Electric cars put lithium miners on fast track
Thu Oct 7, 2010 5:14pm GMT Print | Single Page [-] Text [+]
* Lithium demand seen doubling by 2020

* Push for fuel economy through hybrids, EVs boosts demand

* Battery makers, automakers buying stakes in miners

* Producers see benefits of diversifying production

By Julie Gordon

TORONTO, Oct 7 (Reuters) - Lithium miners are reaping the benefits of a political and industry push to get more electric vehicles on the road, with shares in some Canadian-listed miners up more than 50 percent in the past two months.

Four major producers have long dominated lithium output and demand is likely to double in the next 10 years as automakers roll out hybrid and electric cars using lithium-ion batteries.

That has opened the door to numerous exploration companies and junior miners looking to capitalize on the trend.

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