Lithium prices have gone up over 200%
AMLM.OB is our pick to grow with
We have been out there looking for a Lithium pick for quite some time now. Lithium prices have gone up over 200% in the last 5 years and that’s just the beginning. Day to day more products are made using lithium, did you know that 90% of all laptops and 60% of all cell phones run on lithium batteries. Also roughly 1 million new hybrid and electric cars use lithium batteries. And that number is growing fast!
Why American Lithium Minerals
American Lithium Minerals, Inc AMLM mines lithium – a rare earth metal that powers everything from electric car batteries to the iPad!
In June, AMLM announced that Japan Oil, Gas and Metals National Corporation (JOGMEC) agreed to invest $4 million in the Company’s Borate Hills Project.
More recently, AMLM announced the start of a 10,000 foot drill program at its Borate Hills Project in Nevada. AMLM‘s Borate Hills Project is a large co-product lithium and boron deposit located 20 miles west of the only producing lithium mine in North America.
AMLM‘s drill program was developed based on mapping, sampling and a trenching program completed on the project in October. According to a report from AMLM, samples ranged as high as 3000 ppm lithium (0.3%), and “average results of the sampling program are encouraging.”
In addition to the Borate Hills Project, AMLM is actively exploring 10 “highly prospective projects in Nevada and Utah.”
Although the Company has not issued news in a couple of weeks,
This puts AMLM up 21.25% from its recent low of $0.40, and 70% off its 52-week high of $1.79.
Based on today’s spike in volume, and an increasing buzz around this stock, we believe AMLM could continue its uptrend.
With an anticipated boom in the manufacturing of hybrid-electric and electric cars, the demand for lithium carbonate is expected to increase 400% over the next decade. This anticipation has been largely attributed to manufactures like GM, Ford, Toyota, Dodge, Chrysler, Mitsubishi, Nissan, Tesla, Saturn and Mercedes-Benz announcing their plans to build lithium-ion powered cars.
Bullish estimates suggest lithium demand specifically for vehicles is expected to increase 500% in the next couple of years.
Outside of its use in green vehicles, lithium is also used in specialty glass, lubricants, pharmaceuticals and lithium alloys. In fact, there’s a pretty good chance each of us is already using lithium in our daily lives, as lithium is also used in 60% of cell phones and 90% of laptop computers.
Taking that into consideration, it may come as no surprise that the worldwide market for lithium batteries is estimated at more than $4 billion annually—and that’s just the market for batteries.
According to the USGA, demand for lithium destined for battery usage
American Lithium Completes Sampling Program at the Borate Hills Project
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