Mississauga, ON -- (SBWIRE) -- 09/20/2016 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled "Durango Discovers Lithium Bearing Pegmatites Near Nemaska Lithium's Property."
Companies mentioned in this article include Durango Resources Inc. (TSX-Venture:DGO) and Nemaska Lithium Inc. (TSX:NMX).
In a report on the outlook for the global lithium market, Goldman Sachs noted that there are mega-trends driving the market. The demand is being driven by the Communication & Mobility industry. There is also demand from the Energy & Natural Resources sectors due to concepts such as renewable energy, smart grid and energy storage and fewer chemicals and simpler processes.
However, Goldman Sachs notes in its report that the Lithium-Ion Battery market, which is one of the biggest drivers of demand is yet to reach maturity and continues to find applications. Given the increasing use of electric cars, this market is expected to take off in the coming decade. Goldman Sachs noted in its report that transportation/battery demand is going to be a potential game changer for the lithium market.
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