The increase in sales of EVs/HEVs in 2012 indicates that there is a growing demand for battery grade Li-Carb. If you dont believe Roskill's forecasts for EV/HEV lithium battery demand then could I refer you the www.pikeresearch.com wherein this researcher says the light transport Li battery sales will increase from $1.6 billion in 2012 to $22 billion in 2020. that's a lift of 1275%.
The growing trend in the utilisation of mega li electric grid batteries to store variable renewable energy such as solar and wind also contributes to the prospects of Li batteries A grid battery can be as big as a shipping container.
cheers Moorookamick
GXY Price at posting:
13.6¢ Sentiment: Buy Disclosure: Held
