NetworkNewsBreaks – QMC Quantum Minerals Corp. (
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Posted On: 03/12/2019 3:46:38 PM
NetworkNewsBreaks – QMC Quantum Minerals Corp. (OTC: QMCQF) (TSX.V: QMC) (FSE: 3LQ) Positioned to Profit as Increasing Adoption of EVs Drives Lithium Demand
British Columbia-based company Quantum Minerals (OTC: QMCQF) (TSX.V: QMC) (FSE: 3LQ) engages in the acquisition, exploration and development of resource properties with a focus on lithium extraction. The increasing demand for lithium from battery makers, which is forecasted to surge over the coming years, could significantly benefit the company. A recent article discussing the company reads, “Demand for lithium stemming from lithium-ion battery manufacturers increased by 46 percent in 2017 and is anticipated to nearly double to 83 percent by 2027 (http://nnw.fm/0qCBr). A Roskill market outlook report says that ‘beyond 2021, the research firm expects lithium prices to rise above 2018 levels again as continued demand growth’ will contribute to the depletion of the currently available resources. Prices in 2019 are expected to briefly fall back from 2018 levels, mainly due to oversupply, with a bottom floor of $11,000 per ton of battery-grade lithium carbonate, but they are forecast to bounce back and surpass the rates reported last year. Lithium hydroxide prices have stayed steady at $15,000–$18,000 per ton.”
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British Columbia-based company Quantum Minerals (OTC: QMCQF) (TSX.V: QMC) (FSE: 3LQ) engages in the acquisition, exploration and development of resource properties with a focus on lithium extraction. The increasing demand for lithium from battery makers, which is forecasted to surge over the coming years, could significantly benefit the company. A recent article discussing the company reads, “Demand for lithium stemming from lithium-ion battery manufacturers increased by 46 percent in 2017 and is anticipated to nearly double to 83 percent by 2027 (http://nnw.fm/0qCBr). A Roskill market outlook report says that ‘beyond 2021, the research firm expects lithium prices to rise above 2018 levels again as continued demand growth’ will contribute to the depletion of the currently available resources. Prices in 2019 are expected to briefly fall back from 2018 levels, mainly due to oversupply, with a bottom floor of $11,000 per ton of battery-grade lithium carbonate, but they are forecast to bounce back and surpass the rates reported last year. Lithium hydroxide prices have stayed steady at $15,000–$18,000 per ton.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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