Advantage Lithium Corp AVLIF

Lithium Demand Increasing

[Target10]

With the properties that Advantage (AAL), currently has in it's portfolio, this stock has lots of upside potential. The Orocobre deal could see them as a producer of Lithium!! Lots of possible upside for 2017. The demand for lithium continues to rise.


"According to estimates by Benchmark Mineral Intelligence, Tesla will need 25,000 tonnes of lithium hydroxide per year to support an ambitious plan to build 500,000 electric vehicles per year by 2018.
But given that that United States produces under 1,000 tonnes of lithium hydroxide annually from just one mine–the Silver Peak in Nevada–the market is watching closely for further announcements.
“No one really knows where they will get their supply from,” said Michael Sweatman, a Vancouver-based mining executive.
Tesla has already signed offtake agreements with two Canadian companies who are hoping to produce lithium in the future. Both are still years away from being in production.
In a report last year, Stormcrow Capital analyst John Hykawy estimated that the major producers (Chinese miners collectively) FMC, Albermarle Corp., Sociedad Quimica y Minera de Chile (SQM), and Sichuan Tianqi Lithium Industries have the capacity to produce 235,223 tonnes of Lithium Carbonate Equivalent (LCE) per year.
But he said the ability of the large producers to ramp up supply is constrained by a number of factors, including logistics, grade, and geopolitics"

[lithomon]

Yes Target10, that's exactly what I have concluded (ability of large producers like Albemarle to ramp up supply is constrained). In my opinion, in addition to the lithium supply from the 50+ year producing Silver Peak brine lithium mine that is expected to experience a shrinking lithium resource over the coming decade or so, I think a good chunk of the lithium supply