Lithium Shortfall May Emerge by 2015 on China Demand

Bloomberg reports that Canada Lithium Corp. (TSX:CLQ) announced that lithium demand may outstrip global supply by 2015.

The market news is quoted as saying:

The Toronto-based company will profit from China’s goal of producing 1 million electric vehicles a year by 2015 to reduce carbon-dioxide emissions and gasoline imports, Canada Lithium Chief Executive Officer Peter Secker said. By 2020, the Asian country plans to build 5 million electric cars a year, which would require tripling current lithium production, Secker said.

Click here to access the entire news