Lithium Gets a New Charge
Source: Lithium Investing News, Kishori Krishnan (12/21/09)
"Not just companies, even nations are joining the race to conquer lithium."
Scores of lithium majors are happily adhering to it.
It is not just another level of regulatory procedures for exploration and mining companies. NI 43-101 provides a clean chit to the company and for scores of its investors, who can heave a sigh of relief and invest in the firm.
Many lithium majors are eager to toe the line.
Western Lithium Corporation (TSX V: WLC.V), which has completed a National Instrument 43-101 resource estimate for the envisioned initial stage of development, has granted stock options to Silvio Bertolli, newly appointed senior vice president. Western Lithium is developing the Kings Valley, Nevada lithium deposit.
Not just companies, even nations are joining the race to conquer lithium.
Chile, which is the world's leading producer of lithium, accounting for more than 40% of world supply, is now set to explore further for the rare metal.
State copper giant Codelco said it plans to carry out a study to see how much lithium lies on its properties, but said it was too early to say if it could eventually begin to produce the metal.
Chile's giant fertilizer producer Soquimich (SQM.N) is the nation's biggest lithium producer. As for SQM-N's grip on lithium prices, the company has used its clout in the past to put the squeeze on the competition.
And that is where the bone of contention lies.
Lithium carries a great promise. It could help power the fuel efficient electric or petrol-electric hybrid vehicles of the future. But, as is the case with fossil fuels, it is a limited resource.
So, if you have lithium, you could soon be king and rule the world.