Lithium-Ion powered Electric Car sells for $4600 us in China!

SOURCE: Kandi Technologies, Corp.

 

Apr 04, 2011 13:30 ET

Kandi Technologies' New Lithium-Ion Electric Vehicle Unveiled at Hangzhou's First New Energy Vehicle Showroom

JINHUA, CHINA--(Marketwire - April 4, 2011) -  Kandi Technologies, Corp. (NASDAQ: KNDI), a leading Chinese exporter of off-road vehicles and developer of pure Electric Vehicles (EV) such as the "COCO" announced the official unveiling of the Kandi KD5011 at a grand opening ceremony for Hangzhou's first New Energy Vehicle Showroom (held on March 29^th) in Hangzhou City. The KD 5011 is a Chinese government-approved, environmentally friendly and lithium-ion-powered pure Electric Vehicle.

Nissan Leaf Electric Vehicle (EV) enters rent-a-car market in the USA

Image via Wikipedia

Nissan LEAF EV Now Available at Santa Monica Enterprise Rent-A-Car Location

Enterprise Continues to Lead Electrification of Car Rental Industry; Offers Santa Monica Customers Early Experience With Electric Vehicle Technology

SANTA MONICA, CA--(Marketwire - March 22, 2011) - Enterprise Rent-A-Car now offers customers the Nissan LEAF electric vehicle (EV) for daily and weekly rental at its 1702 Santa Monica Blvd. rental location in Santa Monica. Enterprise also has installed a charging station at the same location through Electric Vehicle Supply Equipment (EVSE) manufacturer ClipperCreek.
"We're making the Nissan LEAF available to local customers who are simply curious about the EV driving experience, those who are considering buying an EV, and those who want a fuel-efficient car rental option," said Greg Tabak, director of business sales in Southern California for Enterprise Holdings, which owns and operates Enterprise Rent-A-Car, Alamo Rent A Car and National Car Rental. "It's part of our ongoing commitment to be a leader in the electrification of the car rental and transportation industries."
Enterprise recently announced plans to add 500 Nissan LEAF EVs at select locations throughout its neighborhood network

First solar powered, Electric vehicle charging station in New York City!

Image via Wikipedia

Mar 15, 2011 09:00 ET

Brooklyn Bridge Park Receives Solar-Powered Charging Station to Power Electric Vehicles

BROOKLYN, NY--(Marketwire - March 15, 2011) - Brooklyn Bridge Park and Beautiful Earth Group (BE), a Brooklyn-based renewable energy company, announced today the arrival of a state-of-the-art solar-powered electric vehicle charging station to Brooklyn Bridge Park -- a world-class 85-acre sustainable waterfront park with iconic views of the New York Harbor and Manhattan skyline.

Designed and built by BE, the station is the first solar-powered charging station in New York City and one of only a few in the world.

Lithium Ion Battery Market to jump 400% by 2020 - Market Research Reports

SOURCE: MarketResearch.com

Feb 08, 2011 08:08 ET

Market for Lithium Ion Batteries Expected to Reach $43 Billion by 2020

ROCKVILLE, MD--(Marketwire - February 8, 2011) - MarketResearch.com has announced the addition of Amadee + Company's new report "The Future Of Lithium Ion Batteries: Including Consumer, Alternative Energy Vehicles (Hevs, Phevs, Evs), And Electric Power Storage Applications- Technologies, Markets, Competitors And Opportunities: 2010-2020 Analysis And Forecasts" to their collection of Electric Vehicles market reports. For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6069114
Lithium ion batteries were first proposed in the 1970's and commercially developed in the 1990's. Since then, the market for lithium ion batteries has grown to $11 billion (2010) and is expected to reach $43 billion by 2020.
Up to now, the lithium ion battery market has been predominantly consumer (90% as of today) but new, diversified applications including xEV (Electric Vehicles/Plug-In Hybrid Electric Vehicles/Hybrid Electric Vehicles) and ESS (Electrical Storage Systems) are expected to provide the new growth engines.
As a result, the lithium ion market landscape will undergo a profound change, bringing huge increases in demand, profits in the billions of US dollars and competitive upheaval.
This report provides a detailed look at the global lithium ion battery market in all its aspects, including:

Expansion of Electric Vehicle charging stations begins in San Francisco.

Feb 2011

350Green Announces Plans for National Network of Electric Vehicle Charging Stations

Network Will Make EV Ownership Possible for Residents Who Don't Have Home Garage Charging, and More Convenient for Those Who Do

SAN FRANCISCO, CA--(Marketwire - February 2011) - 350Green (www.350green.com), announced its plans today for a national network of electric vehicle (EV) charging stations. Starting with its first project in the San Francisco Bay Area, the company plans to install and operate stations across urban retail shopping centers and other places near where EV drivers live and work. This approach aims to address two of the most vexing challenges facing widespread adoption of EVs: range anxiety and access to a garage for overnight charging.

United States invests in Electric Vehicle future!

Image via Wikipedia

United States Department of Energy Boosts 2011 Electric Vehicle Manufacturing and Infrastructure Market With $184 Million Grant

L.A. Auto Show latest to showcase electric cars and hybrid electric vehicles

Electric cars have been a hot topic in automotive business circles for years now. At this years auto shows, every major manufacturer of automobiles was showcasing it's version of either an all electric car, a hybrid gas/electric car or both.

As I have reported in previous posts, scientists, engineers, technicians and lab rats from all of the world are at this writing, building and tweaking lithium based batteries to get more power, distance and energy as well as reduce the time of charge.

Image via WikipediaThe higher energy storage capacity and efficiency of Lithium ion and other lithium based batteries is now, without question.

However battery companies are working on all aspects of making lithium batteries more efficient, including restructuring and revamping the engineering for more performance.



Here is a great video regarding one such lab in Munich, Germany where engineers are tweaking battery performance and getting great results.

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Lithium producers prospering as price, and demand, increases globally.

Electric cars put lithium miners on fast track (1 hour ago by Thomson Reuters)

* Lithium demand seen doubling by 2020

* Push for fuel economy through hybrids, EVs boosts demand

* Battery makers, automakers buying stakes in miners

* Producers see benefits of diversifying production


By Julie Gordon
TORONTO, Oct 7 (Reuters) - Lithium miners are reaping the benefits of a political and industry push to get more electric vehicles on the road, with shares in some Canadian-listed miners up more than 50 percent in the past two months.

 Four major producers have long dominated lithium output and demand is likely to double in the next 10 years as automakers roll out hybrid and electric cars using lithium-ion batteries.
That has opened the door to numerous exploration companies and junior miners looking to capitalize on the trend.

But while lithium is fairly abundant, it is not easy to find a cost-effective deposit and process the highly reactive metal. That points to increased M&A activity for companies with promising reserves but only a distant chance of production.

"Lithium is an extremely active area," Byron Capital Markets analyst Jon Hykawy said of deals in the sector, adding that most automakers and battery companies want to spread their lithium purchases over several miners. "No one major firm is going to stop with one small junior prospect," he said. "They can't put all their eggs in one basket that way."

Early this year, Magna International acquired a 13.3 percent stake in junior miner Lithium Americas in exchange for a guaranteed 25 percent share of production, even though the Toronto-based company doesn't plan on having a single ounce of lithium to sell before 2014.
Shares of the Lithium Americas have risen 60 percent in the past two months on the Toronto Stock Exchange.

"You always protect your supply chain," said Ted Robertson, president of Magna's E-Car Systems. "To mine lithium, and have it in the form we need for these batteries, there are only certain people doing that today."
Magna, the world's third-largest auto parts manufacturer, recently created an E-Car division, which will build parts for hybrid and electric cars, as well as full electric cars.

The company uses about 8.9 kilograms (19.6 pounds) of lithium for each battery pack, along with other elements such as cobalt, nickel and iron. "I would say that lithium, as the basic substance in batteries, will be the current technology being used over the next 10-20 years," Robertson said. After that: "My bet is we'll just refine the lithium compounds that are used in the batteries today."

For graphic on lithium demand: http://r.reuters.com/guk47p
Three diversified companies, SQM , Rockwood's Chemetall and FMC , account for 60 percent of global lithium carbonate production. 

The only pure-play producer is Australia's Talison Lithium  -TLH-TSX  with about 24 percent.
 Talison recently bought Salares Lithium and used the Vancouver-based company to list on the Toronto Stock Exchange.

Looking ahead, companies with promising properties like Rodinia Lithium <RM.V>, Lithium One <LI.V> and Western Lithium <WLC.V> could become takeover targets, said Hykawy. And with demand soaring, there is space for two or three of the junior miners to grow into major players, analysts say.

Global lithium output doubled to 92,000 tonnes in 2008 from 45,000 tonnes in 1997, and one major producer says demand will be over 200,000 tonnes in 2020.

"That's a major, major step forward in terms of demand forecast by a major lithium producer," Hykawy said. "It strongly suggests that there's more than enough room for the juniors to come to the market, to become major players."

CURBING CARBON EMISSIONS
The main force driving growth is the push by U.S. and European governments to reduce carbon emissions, including a U.S. plan to increase fuel economy by 42 percent by 2016. "We think the only way they can do that is by doing the electrification of vehicles - so more use of hybrids," said Tom Astle, head of research for Dundee Capital Markets.

 The majority of the world's lithium supply is currently mined from giant salt lakes in Argentina and Chile that offer a low-cost, high-grade source of the reactive metal. But not all salt lakes contain lithium.

"People think that simply because you stake ground in a salt lake it means that you have lithium mine," said Lithium Americas Chief Executive Waldo Perez. "Well it's not." He added that production from brines takes at least two years, making responding to rapid changes in demand difficult.

Lithium can also be mined from hard rock, called spodumene, in a quicker but costlier process.

For Talison, a spodumene miner with projects in Australia, the decision to buy Salares for its Salares 7 brine project in Chile was easy. "The logic of combining a mineral producer and a brine producer is that it guarantees a secure supply," said Chief Executive Peter Oliver. "If you're looking at a car manufacturer that's putting $100 of lithium into a $50,000 car, the one thing they do want is to guarantee a high-quality, secure supply."

($1=$1.01 Canadian) (Reporting by Julie Gordon; Editing by Frank McGurty and Janet Guttsman)

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Largest supplier of lithium into China, goes public on TSX

Talison Lithium Limited

TSX: TLH

Sep 23, 2010 07:00 ET

Talison Lithium Commences Trading on TSX Under Symbol "TLH"

WORLD'S LARGEST PURE LITHIUM PRODUCTION COMPANY BEGINS TRADING

Highlights
- Merged entity brings the world's largest, high quality, low cost lithium minerals producer located in Australia together with a highly prospective, large scale lithium brine exploration portfolio in Chile
- Diversified exposure to lithium chemical production from minerals and potential brines
- Major lithium supplier to the rapidly expanding Chinese market, now the largest globally

- Ability to rapidly respond to the growing demand for lithium for electric vehicle batteries
- Proceeds of $38,074,064 under Subscription Receipt private placement released from escrow to the merged entity to fund growth
- Fully funded to expand current production and accelerate lithium chemical production

TORONTO, ONTARIO--(Marketwire - Sept. 23, 2010) - Talison Lithium Limited ("Talison") (TSX:TLH) is pleased to announce that in connection with yesterday's completion of the plan of arrangement (the "Arrangement") between Talison and Salares Lithium Inc. ("Salares") (refer to press release dated September 22, 2010), it is anticipated that Talison ordinary shares will commence trading on the Toronto Stock Exchange under the symbol "TLH" at the open of market today.

The completion of the Arrangement and the listing of the Talison ordinary shares satisfied the conditions for release from escrow of the proceeds from Salares' previously announced private placement of 31,128,515 subscription receipts (the "Subscription Receipts"). Pursuant to the terms of the Subscription Receipt Agreement governing the terms of the Subscription Receipts, proceeds of $38,074,064 have been released from escrow to Salares and each Subscription Receipt was exchanged for 0.35587 of a Talison ordinary share. All previous security holders of Salares now hold comparable securities of Talison (or the equivalent in Talison exchangeable shares) based on the exchange ratio under the Arrangement.

Talison has now combined its' world class lithium minerals production in Australia with Salares' prospective, large scale lithium brines exploration project in Chile. The combined entity is well-funded, allowing for immediate expansion of the producing Australian operations to run in parallel with an accelerated exploration program at the 'Salares 7' brine project.

Immediate production expansions at Talison's Australian operations are required to satisfy substantial growth in lithium demand from Chinese battery producers, for whom Talison is the primary supplier. This demand has been driven by government policies encouraging alternative energy vehicles in pursuit of energy security, reduced reliance on oil imports and environmental objectives. Additional large scale production expansion is also being pursued by Talison to meet the anticipated global growth in the lithium market.
Talison now has:

• An attractive diversified mix of lithium mineral and brine assets in both Australia and Chile:
  • Combination of the high quality, low cost Australian based lithium minerals production with promising lithium brines exploration properties located in Chile;
• Multiple actionable growth strategies, including:
  
  • Expansion of existing lithium mineral production capacity by over 60% (currently in progress) to support the growing Chinese battery market;
  • Potential low cost lithium carbonate production from minerals conversion to supply major battery producers and vehicle manufacturers globally; and
  • Future potential lithium carbonate production from prospective Chilean brines;
• Access to an extensive global customer network, established over a 25-year lithium operations history, with the leading position in the growing Chinese battery market; and
• Board of Directors and management team with the skills and extensive experience in the technical and commercial aspects of project development, production and marketing of lithium.

The market dynamics for lithium are positive. Lithium demand has grown consistently over the past decade and is expected to accelerate significantly in the near term from increased consumption of lithium batteries, which are a critical component of hybrid and electric vehicles.
A presentation of the new combined company can be accessed at the Talison website www.talisonlithium.com.

About Talison Lithium Limited
Talison is the leading global producer of lithium. Talison mines and processes lithium bearing mineral spodumene at the Greenbushes Lithium Operations in Western Australia. Talison has an extensive, well established global customer network and a leading position in the growing Chinese market. In addition, Talison now has an extensive lithium brine exploration project in Region III, Chile. Talison's 'Salares 7' lithium project is made up of seven salars (brine lakes, and the surrounding concessions) that are prospective for sub-surface lithium and potassium. Five of the seven salars are clustered within 155 kilometres and are 100% owned by Talison and its Chilean partner.

No securities regulatory authority has either approved or disapproved of the contents of this news release. This press release is for information purposes only.
Forward-Looking Statements
This release contains "forward-looking statements" which reflect the current expectations of the companies. These statements reflect management's current beliefs with respect to future events and are based on information currently available to management. Forward-looking statements involve significant known and unknown risks, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. Should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements could vary materially from those expressed or implied by the forward-looking statements contained in this release. Although the forward-looking statements contained in this release are based upon what the company believes to be reasonable assumptions, the company cannot assure investors that actual results, performance or achievements will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this release and the companies do not assume any obligation to update or revise them to reflect new events or circumstances.

For more information, please contact
Investors:
Talison Lithium Limited
Todd Hilditch
Director, Investor Relations
(604) 443-3831
or
Talison Lithium Limited
Peter Oliver
CEO
+61 8 9263 5555
www.talisonlithium.com
or
Media:
FD
Kim O'Halloran
Vice President, Corporate Communications
(312) 553-6733
kim.ohalloran@fd.com

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China making huge push into electric vehicle market

Image by Speaker Pelosi via FlickrFrom Economywatch:
September 2010

  The Chinese government, determined to become a world leader in green technology, says it plans to invest 15 billion dollars over the next few years to develop electric and hybrid vehicles.

It said a group of 16 big state-owned companies had already agreed to form an alliance to do research and development, and create standards for electric and hybrid vehicles.

The government said the country’s top state-owned oil producers, power companies, several military and aviation companies, and two of the nation’s biggest car companies, the China FAW Group and Dongfeng Auto, would be involved in the effort.

The announcement came shortly after General Motors and S.A.I.C., which is based in Shanghai and is one of China’s other big state-controlled automakers, said they planned to form an alliance to develop more fuel-efficient engines and transmissions for global markets.

Another powerful Chinese company, BYD, which has an investment from Warren Buffett, is developing battery-powered vehicles.  The plan aims to put more than a million electric and hybrid vehicles on the road over the next few years in what is already the world’s biggest and fastest growing auto market. 

The announcement, analysts say, is another example of how China seeks to marshal resources and tackle industries and new markets. The plan also underlines what China describes as its growing commitment to combating pollution and reducing carbon emissions.

According to some reports by state-run media, Beijing intends to invest nearly $15 billion in the venture, which if true would make it one of the world’s most ambitious attempts to develop more energy-efficient vehicles.

The bold plan was announced by one of China’s most powerful bodies: the State-owned Assets Supervision and Administration Commission, which just recently also ran huge globally-oriented ads seeking CEOs for many of China's top state-owned companies.

Sasac, as it is known, operates under China’s cabinet, or State Council. From Beijing, it oversees about 125 of China’s biggest state-owned companies. State-owned companies “have an overall advantage in developing the electric vehicle industry,” Li Rongrong, Sasac’s chairman, said in a statement. Analysts say the government plan bears watching.

“This is the kind of plan the government would like to happen, and they certainly have the resources to put behind it,” said Oded Shenkar, a professor of management at Ohio State University and the author of “The Chinese Century.”

“The government could easily underwrite or subsidize the development costs,” Professor Shenkar said, “and do it at a time when the global car industry is still reeling.”

Few details of the plan were released. But Beijing said that over the next three years, 500,000 energy-efficient vehicles would reach the market each year and that more-efficient vehicles would soon account for 5 percent of passenger car sales in China. This year, analysts expect vehicle sales in China to reach about 17 million.

Sasac’s announcement said the alliance had been formed with about $200 million. But other reports said the investment was tied to the government’s plan to revamp the auto industry and promote energy-efficient vehicles with an investment of nearly $15 billion. 

There is some opposition to the plan. The English edition of The Global Times, another state newspaper, said some groups had criticized the alliance, saying it favored big state-owned companies and had not made clear who would own the intellectual property. “Such an association should include all firms strong in the area, rather than only S.O.E.’s,” Zhong Shi, editor in chief of China Automotive Review, told The Global Times, referring to state-owned enterprises.

“Though lots of foreign firms launched technology agreements, there is no precedent of successful technology exchange in China’s auto industry.” As this comment implies, whether China can successfully develop electric and hybrid vehicles at world-class standards is still unclear.

China has lots of automakers. But the country’s engine and car technology lag far behind that in Japan and the West, and many Chinese carmakers have for years been accused of stealing designs and technology.

But big companies like G.M. and Volkswagen have been in long-term joint ventures with Chinese automakers. Experts say that some of the technology being developed here by Chinese engineers has advanced. “What you have here is the confluence of two important things,” Professor Shenkar said in this article from the New York Times. “The car industry was long ago designated as a pillar industry for China.

And the second thing is green technology or high tech; this is where the action is going to be, and China wants to be there.” 

Related:

Largest supplier of lithium into China goes public on TSX.

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Trading for Talison Lithium, the worlds largest pure lithium producer, begins tomorrow on TSX

Sep 22, 2010 17:12 ET

Salares Lithium and Talison Lithium Complete Merger

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 22, 2010) - Salares Lithium Inc. (TSX VENTURE:LIT) ("Salares") and Talison Lithium Limited ("TSX-TLH") are pleased to announce the completion of the previously announced plan of arrangement (the "Arrangement") for the merger of Salares and Talison. Effective immediately, Salares and Talison have now merged.
Talison ordinary shares will commence trading on the TSX under the symbol "TLH" at the market open tomorrow, September 23, 2010. 
Salares' CEO Todd Hilditch said today: "It was very clear to our management team that from the day we engaged in discussions on a potential merger with Talison, we shared the same long-term vision of the lithium sector and its growth potential. We are excited to now work with, and become part of, the Talison team and feel very strongly that our shareholders will prosper in the long-term from the new merged company and its aggressive growth strategy."
Talison CEO Peter Oliver stated: "Talison is excited to have completed the merger and looks forward to accelerating the development of the highly prospective 'Salares 7' project. Talison is already the largest lithium producer in the world and the largest supplier of lithium concentrates into the growing Chinese market. The merged company offers shareholders exposure to the current production of lithium concentrate and the upside growth of future lithium carbonate production from both the hard-rock and brine projects to satisfy the demand for lithium products destined for the global electric vehicle market."
Shares of Salares are now delisted from the TSX Venture Exchange. Under the terms of the Arrangement, Salares' shareholders received 0.35587 of a Talison ordinary share (or the equivalent in Talison exchangeable shares if they elected to prior to September 14, 2010 4:30 PST) in exchange for each Salares common share held.
Further details regarding Talison or Salares and the details of the Arrangement can be obtained through www.sedar.com. Full details of the merger of Salares and Talison are disclosed in the July 15, 2010 press release also available on SEDAR. A presentation of the transaction highlights can be accessed at the Salares and Talison websites.

About Talison Lithium Limited
Talison is the leading global producer of lithium. Talison mines and processes the lithium bearing mineral spodumene at the Greenbushes Lithium Operations in Western Australia. Talison has an extensive, well established global customer network and a leading position in the growing Chinese market. In addition, upon completion of the Arrangement, Talison now has an extensive lithium brine exploration project in Region III, Chile. Talison's 'Salares 7' lithium project is made up of seven salars (brine lakes, and the surrounding concessions) that are prospective for sub-surface lithium and potassium. Five of the seven salars are clustered within 155 kilometres and are 100% owned by Talison and its Chilean partner.
No securities regulatory authority has either approved or disapproved of the contents of this news release. This press release is for information purposes only.
Forward-Looking Statements

This release contains "forward-looking statements" which reflect the current expectations of the companies. These statements reflect management's current beliefs with respect to future events and are based on information currently available to management. Forward-looking statements involve significant known and unknown risks, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. Should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements could vary materially from those expressed or implied by the forward-looking statements contained in this release. Although the forward-looking statements contained in this release are based upon what the companies believe to be reasonable assumptions, the companies can not assure investors that actual results, performance or achievements will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this release and the companies do not assume any obligation to update or revise them to reflect new events or circumstances.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For more information, please contact
Salares Lithium Inc. - Investors
Todd Hilditch
President and CEO
(604) 443-3831
www.salareslithium.com
or
Talison Lithium Limited
Peter Oliver
CEO
+61 8 9263 5555
www.talisonlithium.com
or
FD - Media
Kim O'Halloran
Vice President, Corporate Communications
(312) 553-6733
kim.ohalloran@fd.com
 

Update: Sept 23rd 2010

Talison Lithium TLH begins trading on TSX.

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Rodinia Lithium Inc. to Present Alongside the Major Automotive and Battery OEMs at the EV Battery Tech USA Conference in Troy, Michigan

Image by jurvetson via Flickr8 hours ago by Marketwire
 Rodinia Lithium Inc. ("Rodinia" or the "Company") (TSX VENTURE: RM)(OTCQX: RDNAF), is pleased to announce that the Company will participate in the EV Battery Tech USA conference in Troy, Michigan on September 21 and 22, 2010. The EV Battery Tech USA conference is an event where senior executives from the vehicle manufacturers and next generation battery suppliers gather to discuss how the latest technical research on electric vehicle ("EV") batteries will help drive down the cost of the batteries to accelerate the commercialization of mass market EVs.
William Randall, President and CEO of Rodinia, commented "Initiatives like the EV Battery Tech USA conference are important in continuing to advance the electrification of the automobile. Throughout this two day conference all the top automotive manufacturers, battery developers and raw material suppliers will work together on strategies to reduce the cost of EV batteries. From Rodinia's perspective, this is the perfect opportunity to continue to develop our relationships with the automotive and battery OEMs and to discuss the success we've had at our Salar de Diablillos Project in Salta, Argentina. We believe that the Diablillos Project, along with our Clayton Valley Project in Nevada, USA, will play a meaningful role in supplying the lithium carbonate needed to develop lithium-ion batteries and the EV batteries of the future."
Additional information on the EV Battery Tech USA conference, including a list of all the participants and the conference agenda can be found on the conference website at www.ev-battery-tech.com.
Rodinia Lithium President and CEO William Randall will address the conference on the afternoon of September 21, 2010 to discuss the cost advantages of lithium carbonate production derived from continental lithium-brine deposits in North and South America. To the Company's knowledge, Rodinia will be the only lithium-brine developer to address the conference.
About Rodinia Lithium Inc.:
Rodinia Lithium Inc. is a Canadian mineral exploration company with a primary focus on lithium exploration and development in North and South America. The Company is positioned to capitalize on the expected increase in demand for lithium carbonate that is projected to result from the anticipated paradigm shift to mass adoption and use of key lithium applications like lithium-ion batteries as well as glass ceramics, greases, pharmaceuticals etc.
Rodinia is currently exploring its Clayton Valley project in Nevada, USA, which surrounds the only lithium-brine producer in North America, and its Salar de Diablillos project in Salta, Argentina.
Please visit the Company's web site at www.rodinialithium.com or write us at info@rodinialithium.com. Follow us on Twitter: http://twitter.com/RodiniaLithium
Cautionary Notes
Except for statements of historical fact contained herein, the information in this press release constitutes "forward-looking information" within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as "plans", "proposes", "estimates", "intends", "expects", "believes", "may", "will" and include without limitation, statements regarding the impact of the drill program at the Diablillos property and results of such drill program; the potential of the Company's projects; the potential results and timetable for further exploration with respect to the Clayton Valley project and the Diablillos property, the timetable with respect to future acquisitions and exploration developments at Clayton Valley and Diablillos, timetable for further exploration, analysis and development, title disputes or claims; and governmental approvals and regulation. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, competition, financing risks, acquisition risks, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contacts:
Investor Cubed Inc.
Neil Simon
+1 (647) 258-3310

Rodinia Lithium Inc.
Aaron Wolfe
Vice-President, Corporate Development
+1 (416) 309-2696
www.rodinialithium.com

SOURCE: Rodinia Lithium Inc.

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Worlds largest, pure lithium producer, going public!

Talison Lithium Ltd, the largest, pure lithium company in the world, will go public on Thursday, Sept 23rd, on the Toronto Stock Exchange!

Right: Talison currently operates two lithium plants in Greenbushes Australia which have been operating for 25 years and currently supply 300 companies with lithium and lithium carbonate. Talison, up until now, a privately owned company, supplies approx 66% of Chinas imports of lithium.
 

A very light metallic element, lithium is mainly used as lithium compounds that act as fluxes in the ceramics and glass industries, and in lubricants. The metal is an important alloying agent in in the manufacture of primary aluminium. Lithium is increasingly being used in rechargeable batteries used in all aspects of the mobile web, from laptops to cell smart phones. Now lithium is the primary resource used in batteries for the hybrid and electric vehicle markets.

Image by gmeurope via Flickr

Lithium is mined from spodomen (hard rock) , clay deposits and more promisingly, from salars or brine lakes. Mining from Salars, (salt lakes) is much less expensive and less labour intensive. The Puna plateau in South America which spans Chile, Argentina and Bolivia holds much of the worlds salars. Junior miners have flocked to the region over the past two years to stake claims to what is, without argument, the worlds richest lithium deposits.
In July, Talison Lithium announced a merger with publicly traded, junior miner, Salares Lithium which owns the Salares 7 project in the Atacama Desert on the Puna Plateau of Chile which is, we believe, one of the largest, pure lithium deposits in the world, encompassing over 116 hectares in 7 Salars or salt lakes, of which Salares owned 100% of five of those salars.
In doing so, Talison kills two very big birds with one stone. Firstly, they now own one of the largest pure brine properties on the market today. As Talison has, up until now, been a spodomen or hard rock miner, the jump into brine production will enhance significantly, their lithium footprint in todays market, especially in the cheaper to produce (and more lucrative) brine deposits.
Also, as a result of the merger, Talison will become a publicly traded company, TLH. Its strike price should be between $3.50 and $4  per Talison share, which will return a premium to current Salares Lithium shareholders of 98.6% as the merger of shares is 2.81 Salares shares for one Talison share.

Image via Wikipedia

This year, the electric vehicles market is ramping up from California to Tokyo (see the Tesla roadster and other EVs parked at a charging station - right) Every major auto company on the planet has an EV in some stage of production at this writing.
With the advent of the Global X Lithium EŦF and lithium indexes popping up around the market, I believe that the strike price mentioned is very low as these ETFs and indexes will have to include Talison at or near the top of their lists (you cannot ignore a world leader in any market).


On Sept 17th 2010, Salares shareholders approved the merger with Talison by a 99.9% vote.
The hearing for the final court order to approve the Arrangement is scheduled to take place on September 21, 2010, with the completion of the Arrangement expected to occur on or about September 22, 2010. The TSX has conditionally approved the listing of the Talison ordinary shares under the symbol "TLH", and trading is expected to commence on the TSX at the market open on September 23, 2010.


As Talison goes public I am making it my conviction stock pick. Look for Talison Lithium Ltd to double the above price by Christmas (if not the first day of trading) and double again by Spring 2011.


HP 


Associated articles:
Talison and Salares Lithium merge 
U.S. Government  assists in Lithium Battery research
The Gold in TNR Gold Ltd is actually Lithium! 
As electric metal market heats up, juniors take the lead! 

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