Nemaska Lithium’s President and CEO to Speak At Metals and Mining Conference

Nemaska Lithium’s President and CEO to Speak At Metals and Mining Conference

By: Tomas Ronolski - AllPennyStocks.com News

Monday, June 8, 2015

The growing demand for electric vehicles has boosted the outlook for lithium. Speaking to Lithium Investing News, Chris Berry, President of House Mountain Partners, said that the lithium industry is likely to see more consolidation. Berry noted that some new supply is expected to enter the market and there remains a slight overcapacity. He added that the focus, therefore, will be on low-cost production. Berry expects the lithium market to reach an inflection point in 2017. Berry’s outlook for the industry is slightly cautious. Still there are many positive developments, the most important being growing demand for electric vehicles. According to Berry though, another important thing to watch in 2015 is the prices and demand for by-product commodities such as potash.


On Monday, Nemaska Lithium Inc. (TSX-Venture:NMX), a Quebec, Canada-based company engaged in the exploration and development of hard rock lithium mining properties, also discussed the future demand for lithium hydroxide. The company also announced that its President and CEO, Guy Bourassa, will be speaking at the New York Society of Security Analysts’ 16th Annual Metals and Mining Investment Conference, which is scheduled to take place on Tuesday, June 9th, 2015.

At the conference, Bourassa will be speaking about NMX’s proprietary process to produce a high purity lithium hydroxide suitable for battery applications directly from spodumene concentrate. NMX owns a process that enables concentrate to go directly to lithium hydroxide. It is in fact the only company to have such a process. Other manufacturers have to produce lithium carbonate first from the concentrate and then transform it to lithium hydroxide. Of course, this means additional costs.

NMX also noted that lithium hydroxide is the battery chemistry of choice for several manufacturers, which includes electric car manufacturer Tesla Motors (Nasdaq:TSLA). NMX noted in its press release on Monday that unlike other commodities, lithium prices have actually increased this year. Indeed, and the trend is expected to continue, given the robust demand. NMX noted that five new lithium megafactories are expected to come online by 2021. According to Simon Moore of Benchmark Intelligence, these megafactories will represent total new capacity of 87 GWh requiring an additional 70,000 ton-100,000 ton of lithium carbonate by 2021.

Nemaska Lithium intends to construct a Phase 1 plant using commercial size equipment. The company plans to produce continuous commercial samples for customers. The idea is to reduce the time to qualify as a supplier and enter into agreements before starting operations at the Whabouchi mine and Hydromet plant.

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