Cultivating Lithium Interest in Japan
Source: Lithium Investing News, Dave Brown (6/16/10)
"Japan follows South Korea's lead in pursuit of lithium."
The Korean group elected to invest in a lithium brine deposit within the region of the only commercial lithium-producing salar in Argentina and the source of approximately 10% of the world's production of lithium. Subsurface brines have become the dominant raw material for lithium carbonate production worldwide because of lower production costs compared with the mining and processing costs for hard-rock ores.
The more recently announced Japanese JV involves a boron and lithium mineralization contained in strata-bound formations that are a combination of claystone and volcanic tuff in Nevada. During the mid-80s, this region of the United States was identified as the second-largest boron deposit in the country, and is resident to lithium values with an extent of 1.5 miles and thicknesses of up to 1,300 feet.
Both joint ventures are composed of a North American mineral exploration company teamed with an Asian partnership.