The company's stock has fared better than many competitors in the last two years, boosted by the resilience of the lithium price, which has tripled since 2000 regardless of the commodity cycle.
Lithium companies continue to lead the stock market. While the TSX Composite gained about 13% year-to-date and S&P 500 scored a mere 6.4%, lithium companies grew by a stunning 24%.
The purpose of the PEA was to investigate the potential for recovery of a lithium product suitable for the battery market from Avalon’s lithium resource near Kenora, Ontario.
The amount of lithium being produced in North America will not be enough to meet the growing demand for electric vehicles, but the problem could be alleviated through recycling, says a renowned authority on specialty metals.
More than half of the world’s identified resources of the mineral are found in South America's "lithium triangle", a region where Canada's Wealth Minerals has been acquiring assets.
Japan and South Korea have both recorded record high levels of lithium-ion battery exports in H1 2016, as auto companies ramp up battery consumption to power new all-electric offerings.
Lithium is our new fuel, but like fossil fuels, the reserves we're currently tapping into are finite—and that's what investors can take to the bank.
The country began shipping lithium to China this week, in what is considered the first step towards fulfilling its ambitions to becoming the world’s No. 1 exporter of the commodity.
The challenge runs from September 5th to December 2nd.
Every junior commodity market has its share of pretenders to go along with the contenders as prices and demand move up.