Mississauga, ON -- (SBWIRE) -- 08/05/2014 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled “Shares of RB Energy Jump on First Commercial Shipment of Lithium Carbonate.”
Companies mentioned in this article include RB Energy, Inc. (TSX:RBI) (OTCQX:RBEIF).
Ever-increasing use of rechargeable batteries, whether for mobile devices or electric cars, are helping to drive demand for lithium. According to a Roskill Information Services report last year on the lithium market, global demand for the world’s lightest metal reached 150,200t lithium carbonate equivalent worth an estimated $2.2 billion. Roskill says that lithium demand grew at an average compound annual growth rate of 6.8 percent since 2000 and that demand will rise to an annual base rate of almost 10 percent until 2017. Consumption is forecast to grow up to 15.7 percent annually, bolstered by increased consumption in the rechargeable battery market.
Predicting the timing of mass adoption of electric vehicles has been a moving target, but companies are trying to position themselves to meet expected demand, including RB Energy, Inc. (TSX:RBI) (OTCQX:RBEIF). The Vancouver-based company owns Aguas Blacas, a producing iodine mine in Chile, and Quebec Lithium, a lithium project north of Val-d’Or, Quebec.
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