Rare Earth Minerals Well Placed to Benefit from Big Demand for Lithium

Uranium (Nuclear Minerals) / Other Sources, RTGs, Sea Water, Thorium, Helium-3, & Fusion Research / Rare Earth Elements

Date posted: 10/19/14

Joanne Hart reports that lithium is in big demand. While doctors prescribe it as a treatment for bipolar disorder, the metal is also a key constituent of long-lasting batteries, the need for which has grown exponentially. Used in items ranging from pacemakers to power tools, lithium batteries are also an essential part of electronic devices, such as computers, tablets and mobiles. They are integral to electric cars as well, and as more hit the market, demand for lithium is expected to soar. Rare Earth Minerals is well placed to benefit from this trend. The company owns a third of a new lithium project in Mexico, which has already discovered 3.3 million tons of the metal, equivalent to 10 per cent of current annual supply worldwide. The shares are trading at just 1 p, but there are 5.7 billion of them, so the company is valued on the stock market at AS$ 57 million. The price and the valuation should increase from here, she says.