Mammoth Energy:Demand for Lithium Carbonate Doubled From 2003-2007

Mammoth Energy Group, Inc. (PINKSHEETS: MMTE) reported demand for lithium carbonate doubled from 2003 to 2007, and a report by Credit Suisse states that the market for lithium-ion batteries may expand to 14 times its 2009 size by 2030.

The press release is quoted as saying:

With growth in Asia increasing the long-term demand for oil, the quest for energy conservation has increasingly focused attention on lithium, the key resource needed for the manufacture of energy-efficient ion batteries powering hybrid cars

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