Lithium Demand Showing no Signs of Slowing as Mining Efforts Increase

PALM BEACH, Florida, May 9, 2018 /PRNewswire/ --

MarketNewsUpdates.com News Commentary 

The global lithium market continues to be one of the more active industries across the board as increasing attention in lithium and cobalt explode behind rising demand and impressive mining operations and results. Venture capitalists have turned their focus towards the lithium industry of late and have been placing enormous bets the demand will continue for lithium-ion (Li-ion) batteries. These high-tech batteries are capable of powering everything from smart phones and power tools to electric vehicles. Demand for lithium is certain to surge as vehicles become greener, new devices flourish and electricity becomes cleaner. Unabated demand and material shortages have driven up prices and sparked a global quest for mining of lithium. According to a study completed by Variant Market Research, the global lithium market is projected to reach $56 billion within six years, illustrating a CAGR of more than 10%. INN Daily reported the global lithium demand is projected to triple by 2025 as electronic vehicles become more prevalent and mainstream. Long story short, lithium is poised to remain an ultra-high-demand resource for decades to come. Active companies in the mining markets today include: QMC Quantum Minerals Corp. (TSX-V:QMC) (OTC:QMCQF), Standard Lithium Ltd. (TSX-V:SLL) (OTC:STLHF), Advantage Lithium Corp. (TSX-V:AAL) (OTC:AVLIF), MGX Minerals Inc. (CSE:XMG) (OTC:MGXMF), Albemarle Corp. (NYSE:ALB).

QMC Quantum Minerals Corp. (TSX-V:QMC) (OTC:QMCQF) BREAKING NEWS: QMC is pleased to disseminate the historical assay results reported (Manitoba AR #94932) by the Lithium Corporation of Canada ("LCOC"). These historical assays were obtained during LCOC's 1956 channel sampling of the Irgon Dike where it is exposed underground in crosscuts on the 200-foot level. The Irgon Dike is located at the company's 100% owned Irgon Lithium Mine Project, within the prolific Cat Lake-Winnipeg River Pegmatite Field of S.E. Manitoba which also hosts the nearby TANCO rare-element pegmatite.

The underground workings can be viewed in the 3-D model released by QMC on March 28, 2018, which demonstrates that, to date, exploration and underground development has been only undertaken on the upper and central portions of dike leaving significant potential to quickly increase tonnage as the Irgon Dike is open both along strike and to depth. The 2017 channel sample locations and surface exposure of the dike are also indicated on the model.