renewable energy to be harnessed from australiax92s salt lakes - lithium ion battery for solar street light
Miningcompany AmeriLithium plans to take advantage of lithium's renewable energy as it covers 43 000 acres in Australia's wachin Salt Lake to cater to Asia's emerging lithium market.
Amilithium obtained this huge property from the Hoffmans Hill project, the bare rock project and the Nomans Lake project.
It is reported that all three projects have saline deposits and have a good drainage system, which makes it an ideal configuration for extracting lithium.
Found in the southwest mining field, the property has a high soluble lithium value ofup to 530 mg per liter of lithium concentration or 5.
1 kg of lithium carbonate per cubic meter of salt water.
The abundant lithium reserves of wojin Salt Lake properties make it comparable to the largest lithium reserves in South America in the world.
Lithiumas is known worldwide for its use in the medical, glass and aviation industries.
Its renewable energy capabilities have recently become more and more popular, mainly for the manufacture of rechargeable batteries for electric and hybrid vehicles.
Market for lithium
Ion batteries increased significantly.
Last year alone, Pike Research reported that the market was worth $0. 878 billion and could grow further to $8 billion by 2015.
The United States is currently supporting lithium-
By funding $5 billion in lithium-ion battery technology development and incentive programs
Ion battery industry
Australia is close to the Asian market, which allows the United States to take advantage of the current demand for lithium manufacturing and distribution in Asia.
In Asia, China occupies
Lithium demand was third in 2008.
Lithium is used in applications that need to be used, such as cameras, game consoles, laptops, and even hybrid cars.
China is more than one
The billion dollar market for lithium can serve as an opportunity to export lithium.
Matthew Worrall, CEO of AmeriLithium, said AmeriLithium plays an important role in discovering the world's lithium extraction landscape and using renewable energy by studying Australian mineralsrich region.
The company plans to take advantage of Asia's demand for lithium by exploring acquired Australian properties.
Australia is the world's second largest producer of lithium.
Mining and Mineral activity accounted for 8% of the economy and 40% of exports.
With growing demand for raw materials in Asia, mining is expected to grow.
Listed companies in the United States (
Otc Bulletin Board: AMEL)
The mining company, based in Lake TahoeNevada, has a lithium portfolio of about 710 acres.