National Post on Lithium and CLQThe National Post reports in its Friday, Nov. 6, edition that Canaccord Adams has started new coverage on a group of small lithium exploration plays. The Post's Peter Koven writes in the Trading Desk column that analyst Eric Zaunscherb is now covering Canada Lithium, Lithium One and Western Lithium Canada. He tags each one a "speculative buy." Mr. Zaunscherb says producing clean energy is a part of our future, and lithium-ion batteries are going to be needed to power electric vehicles. Canaccord is projecting 10 per cent and 20 per cent market penetration rates by 2020 for pure and hybrid-electric vehicle markets. That raises demand by 286,000 tonnes of lithium carbonate equivalent, far above current annual production levels. Canaccord is taking a conservative approach to lithium pricing on the assumption that supply and demand will stay in balance and prices will not rise too much from where they are now (almost $7,000 (U.S.) a tonne). "We believe that investors should be exposed to lithium exploration, development and production in the event that, for example, electric vehicle penetration exceeds expectations or senior producers have overstated their ability to ramp up production."