The Glass Slipper Fits for Lithium Chile Inc. (TSX.V: LITH) (OTC: LTMCF) as Acquisition-Hungry Suitors Come Courting in the Global Lithium Race

July 17, 2018 11:40:21
  • Lithium Chile is well-positioned to benefit from recent bull run on lithium market and subsequent acquisition race
  • Company’s holdings are the largest wholly owned lithium package held by a private operating company in Chile
  • Company recently signed an MOU for a joint venture with Prosper One International Holdings Company Limited

Lithium-ion batteries are in greater demand than ever before, powering everyday devices ranging from smartphones and laptops to implantable medical devices and electric vehicles. It is this last item, the electric vehicle, that is largely credited with significantly driving up lithium’s price in recent years. Increasing consumer demand for electric vehicles has had the natural effect of simultaneously driving up the demand for the primary component needed to manufacture their batteries – lithium. This, in turn, has fueled fears of an impending global lithium shortage and sparked a bull run on the lithium market.

The threat of a lithium shortage is something of a phantom menace, because, in fact, the Earth has plenty of lithium to go around. Bloomberg New Energy Finance reports that…

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