Estimated electric vehicle demand boosting value of lithium projects

international-mining-logoDemand for high grade lithium used in rechargeable batteries could soar by as much as 150% over the next six years if projections for electric vehicle sales are correct, says President and CEO of Canada Lithium Corp, Peter Secker. “As electric vehicles start to ramp up over the next two to three years, there’s going to be significant demand that we believe can’t be met by existing producers,” he said. And this is where he feels the company’s Quebec Lithium project, which could be producing more than 19,000 t/y of high grade lithium carbonate starting in 2012, will benefit. (more…)