SOURCE: Equity Spotlight

December 13, 2011 07:30 ET

First Liberty Power (OTCQB: FLPC) in the $1 Billion Lithium Market

Note to Editor: The Following Is an Investment Opinion Issued by the Equity Spotlight.

NEW YORK, NY--(Marketwire - Dec 13, 2011) - First Liberty Power Corp. (OTCQB: FLPC) released several positive news articles in the lithium industry, the entire press release can be seen here, http://finance.yahoo.com/news/First-Liberty-Power-Corp-prnews-3108852909.html?x=0

At the World Lithium Supply and Markets 2009 conference in Santiago, Chile, the world's top three lithium producers, Sociedad Quimica y Minera de Chile (NYSE: SQM), Chemetall Lithium (NYSE: ROC) and FMC Lithium (NYSE: FMC), along with research groups TRU Group and Roskill, presented an outlook for lithium. According to the forecast, world lithium demand is expected to grow as much as three-fold in just over ten years.

Growth is driven by secondary (rechargeable) batteries and electric vehicle (EV) batteries. Current demand for lithium, measured as lithium carbonate equivalent (LCE), is around 110,000 metric tons per annum (tpa). This is expected to rise to around 250,000 to 300,000 tpa in 2020 driven by rechargeable batteries and EV batteries, according to the outlook.

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