German chemical comany to open Lithium iron phosphThis is the sort of situation I hope NMX takes advantage of. Please read and realize that Lithium is going to be more and more in demand.
Cheers
Globe says German battery maker to fill Zenn's gap
TickerSymbol: C:ZNN
Globe says German battery maker to fillZenn's gap
Zenn Motor Company Inc(C:ZNN)
Shares Issued 37,215,263
Last Close7/12/2010 $1.44
Tuesday July 13 2010 - In the News
TheGlobe and Mail reports in its Tuesday edition that a German chemicalcompany wants to build a lithium iron phosphate (LFP) plant in Quebec.The Globe's Bertrand Marotte writes LFP is an energy storage materialused in batteries for electric vehicle drives. Germany's Sud-Chemie AGis investing almost $80-million to build a production facility inCandiac, Que., south of Montreal.Sud-Chemie, through its Canadian subsidiary Phostech Lithium Inc.,already produces a different grade of LFP at its existing plant inCandiac.The investment, expected to create about 50 skilled jobs, provides aboost to Quebec's e-vehicle technology sector, which suffered a blowlast year when Zenn Motor stopped production of its low-speed electricvehicle at its St-Jerome, Que., plant.Sud-Chemie says it plans on launching commercial production in 2012,with sufficient output to supply 50,000 all-electric autos, or 500,000gas-electric hybrids, per year."This is definitely good for Quebec," said Khurram Malik, aclean-technology analyst with Jacob Securities Inc. in Toronto. Headded, however, that LFP technology and other electric-car batterytechnologies have a ways to go before they are deemed economical.
?2010 Canjex Publishing Ltd.