TRU Group Inc., which is composed of lithium consultants, declared that its latest view for the presentation at the IM Lithium Supply and Markets Conference Santiago 2009 will deduce that the industry will not be affected by the global recession and will oversupply this year 2009 up to 2013.
Though the world use of lithium will decline quickly by at least 6% this year 2009, the demand will surely bounce back any time soon because consumers are now into purchasing and using of laptops or cell phones that has lithium batteries.
Today, new and large usage of lithium will begin and will have a major influence on demand within five years. Lithium use is now extended in electric vehicle batteries and lithium alloys on aircrafts.
New lithium producers that are located in South America and China still will have to be cost-competitive. Surfacing technology may make some of the unexpanded medium – sized lithium supplies quite appealing. The industry through spreading out and development of new resources will have no problems with regards to meeting the demand.
TRU Group Inc., is located in Toronto, Canada and Tucson, USA. They are recognized consultants in the field of industrial management and engineering with a commended record in lithium project development. This firm is a global leader in solar exploitation, brine and mineral lithium extraction, resource evaluation. TRU also has appraised and modeled most of the well-known existing lithium properties and also ahs advised number of companies on lithium resources, and related issues.
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