- Automotive applications set to double lithium demand by 2027
- Even though lithium is a ‘critical mineral’, North American output is negligible
- Tests underway to confirm reported 1.2 million tons grading 1.51 percent lithium oxide
Good tidings continue to grace the lithium industry, the latest being the 2018 report from British minerals analyst Roskill. After a recent market analysis, the British consultancy estimated that lithium demand from automotive applications, which reached over 34,000 metric tons of lithium carbonate equivalent (LCE) in 2017, will more than double by the end of the decade. Some of that demand could be satisfied by QMC Quantum Minerals Corp. (OTC: QMCQF) (TSX.V: QMC) (FSE: 3LQ). The junior exploration company, based in Vancouver, British Columbia, is mining for lithium at Cat Lake, a property that hosts several rare-element granitic pegmatite occurrences, including the one on which the historic Irgon Lithium Mine was developed.
Automotive applications are driving lithium demand. They devoured over 34,000 metric tons in 2017 and accounted for 43 percent of total lithium utilized. That share of LCE output is set to climb to…
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