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SourcingLink.net Gives Further Update and Insight on the Multi-billion Lithium Industry
SourcingLink.net Gives Further Update and Insight on the Multi-billion Lithium Industry.
About this update from Oncology Pharma Inc.
[{"type":"text","content":"\n\n\n\nSourcingLink.net Gives Further Update and Insight on the Multi-billion Lithium Industry\n\n\n\n\n\nSourcingLink.net Gives Further Update and Insight on the Multi-billion Lithium Industry\nPR Newswire\nSAN DIEGO, California, April 7, 2016\n\n\n\nSAN DIEGO, California, April 7, 2016 /PRNewswire/ --\n\nSourcingLink.net Inc. (OTC Pink: SNET) is encouraged with the recent developments that we believe will increase the value of our Lac Fire Lithium properties located east of Lac Pivert, Quebec.\n\nLithium is a soft, silver-white metal used in pharmaceuticals, ceramics, grease, lubricants and heat-resistant glass. It's also used in lithium-ion batteries, which power everything from cellphones to laptops to electric vehicles - demand is growing fastest in this area.  \n\nAccording to Frost & Sullivan, the global market for lithium-ion batteries is expected to double to $22.5 billion in 2016 from $11.7 billion in 2012.  Consumer goods and automobile sectors are driving the demand.  Zacks Research report further states that with the increasing use of lithium ion batteries in consumer electronic products as well as efforts to promote the use of electric cars by many governments to curb pollution, the demand for these batteries is expected to rise.  \n\nLithium-ion batteries are used by many auto manufactures, including Tesla Motors, Inc. General Motors Co., Navistar International Corp., BMW AG, Daimler AG and Ford Motor Co.  According to Zacks Research, Tesla Motors, Inc.'s decision to build a $5 billion Gigafactory to meet its requirement of lithium-ion battery packs brought glaring focus on the shortage of supply of this emerging energy storage technology (and the raw material - Lithium).  Zacks further states that, however, the market for lithium-ion batteries has a lot of untapped potential.\n\nAccording to a recent article published in Lithium Investing News by Teresa Matich, a note by Stomcrow Capital, there's little chance of substitution for Lithium.  In short, the world is going to (continue to) need a lot of lithium.  What's more, demand from other sectors (besides automotive) isn't going away.\n\nSourcinglink.net has recently acquired a block of 8 new claims sharing a 12 km boundary which is on three sides with the Rose Lithium Tantalum Property of Critical Elements Corp.\n\nAb...