SOURCE: The Bedford Report

The Bedford Report

June 14, 2011 08:16 ET

Lithium Explorers Brace for Greater Competition

The Bedford Report Provides Investment Research on Lithium Exploration & First Lithium Resources

NEW YORK, NY--(Marketwire - Jun 14, 2011) - Lithium demand has skyrocketed this year as a recovering global economy has driven growth for lithium-ion battery technology in mobile phones, personal digital assistants, laptops and, most recently, electric vehicles. According to the Global X Lithium ETF's profile "Lithium is used almost exclusively for industrial purposes, and its price will, thus, fluctuate with industrial activity." The Bedford Report examines the outlook for companies in the Industrial Metals and Minerals Industry and provides equity research on Lithium Exploration Group, Inc. (OTCBB: LEXG) and First Lithium Resources, Inc. (TSX-V: MCI) (PINKSHEETS: FLNTF). Access to the full company reports can be found at:

Earlier this year Economist Daniela Desormeaux gave a presentation at the Technology and Rare Earth Metals Conference arguing that lithium represents a "growth industry" and that "lithium demand will show interesting growth rates because it has many applications in addition to batteries." Emerging Economies in China and India continue to move toward more efficient manufacturing of quality glass, boosting lithium demand.

Desormeaux believes there is room for more lithium producers to enter the market, arguing that the element is abundant -- as evidenced by a total of 80 exploration projects that have been announced globally in the last few years.

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Most of the production needed to satisfy the market will come from the South American Lithium Belt, a 500-mile-by-200-mile strip centered on the junction of Argentina, Bolivia and Chile, which contains more than 75 percent of the world's lithium reserves. Certain areas of North America have also shown rich lithium deposits.

Lithium Exploration Group's projects include its Valleyview Project in Canada and Salta Project in Argentina. The company says that it boasts connections to ready markets for their product, including some of the largest manufacturers of lithium-based battery products in China and India.

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