PHOTO CAPTION: Ford Focus electric car prototype co-developed with Magna E-Systems.

Electric Cars Put Lithium Mining Companies on Fast Track

Canadian companies see share prices climb 50 percent in past two months.

Published: 10-Oct-2010

Lithium miners are reaping the benefits of a political and industry push to get more electric vehicles on the road, with shares in some Canadian-listed miners up more than 50 percent in the past two months.

Four major producers have long dominated lithium output and demand is likely to double in the next 10 years as automakers roll out hybrid and electric cars using lithium-ion batteries.

That has opened the door to numerous exploration companies and junior miners looking to capitalize on the trend.


Ford Focus electric car prototype.

Mondragon said by 2020, internal combustion engines will represent about 75 per cent of global demand, while hybrids, 20-25 percent.

Ford Transit Connect Electric van co-developed with Azure Dynamicss.

Transit Connect Electric will go on sale first in North America and then Europe in 2011.

Ford Transit Connect Electric

Southern California Edison will take delivery of first vehicle in late 2010, 19 others in 2011.


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