Lithium prices have gone up over 200%
in the last 5 years and that’s just the beginning
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!
We really think lithium will become more and more of a desired product as technology evolves.
That is why weI think American Lithium Minerals, Inc is the number one lithium company to invest in.
Company Name: American Lithium Minerals
Trading Symbol: AMLM.OB
Yahoo! Finance: http://finance.yahoo.com/q?s=AMLM.OB
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,
yesterday AMLM traded more than 3.5 times its 3 month average volume,
before closing the day at $0.485 per share, or 1.04% in the green, today.
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
is predicted to grow by 20% per year!
Lithium-ion batteries are already widely in use in a variety of portable electronic devices including over 60% of mobile phones and 90% of laptop computers. However, the most significant grown in the demand for Lithium Ion batteries will be linked to the next generation of hybrid/electric vehicles. Lithium batteries are already in proto types destined for the automotive market.
GM has announced plans to build a lithium-ion (Li-ion) battery plant to supply the power for its Chevy Volt, scheduled to debut in 2011. BMW plans to launch its remodeled Li-ion battery-powered 750i luxury sedan to the Japanese in 2010. This year, the company is producing 500 all-electric MINI Es, also with Li-ion batteries, for leasing in select cities. Toyota plans to launch plug-in hybrid Priuses with Li-ion batteries later this year. Mercedes-Benz plans to launch its S400 Blue HYBRID with a Li-ion battery next year. The Ford Escape plug-in hybrid with the same power technology is slated for 2012. The Tesla Roadster, Chyrsler EcoVoyager, Dodge ZEO, Jeep Renegade and the Saturn Flextreme are all slated for li-ion batteries. Nissan will use Li-ion batteries for the 65,000 hybrids they hope to manufacture by 2010.Mitsubishi Motors Corp. anticipates that demand will increase fivefold to meet the needs of electric vehicles.
A bit more about AMLM:
American Lithium Minerals is a U.S.-based mineral exploration company focused on the development of lithium and boron resources in Nevada. The company´s key objective is to develop a world-class lithium project that will capitalize on surging demand for lithium-ion batteries, particularly for hybrid and electric vehicles. Lithium is a high-priority and strategic mineral for the U.S. The country´s green energy legislation and long-term energy policies depend on developing a vibrant, domestic lithium-ion battery manufacturing sector.
American Lithium´s primary asset is the high-grade Borate Hills property in western Nevada, one of the world´s premier known lithium deposits and ranked by previous operator US Borax as the second-largest boron deposit in the U.S. A $4.5 million exploration and development program is aimed at completing an economic pre-feasibility study on the Borate Hills Project to advance the project to the feasibility stage.
Nevada is one of the world´s leading mining regions. The state supports North America´s only commercial lithium mine located 20 miles from Borate Hills.
American Lithium intends to develop Borate Hills and its other lithium brine exploration projects through cooperation with international partners.
American Lithium Completes Sampling Program at the Borate Hills Project
It's gone from a niche pharmaceutical material to a fundamental component of the global energy ecosystem!
And demand for lithium is rising 20% a year! This is music to AMLM’s ears.
Japan's extremely powerful Oil, Gas & Metals National Corporation (JOGMEC) is so interested in lithium – and AMLM's property – it's willing to invest $4 million in the company to make sure Japanese manufacturers have a guaranteed supply of this strategic mineral!
I hope this helps you with your research. Be sure to have AMLM on the top of your watch list all week long as we expect to see some fireworks with this company at anytime
RESEARCHING (AMLM.OB) RIGHT NOW!
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