American Lithium Corp. is a company focused on the exploration and development of lithium resources, crucial for the production of batteries used in electric vehicles and renewable energy storage systems
The company aims to identify and harness lithium deposits in North America to support the growing demand for sustainable energy solutions. Through its commitment to responsible mining practices, American Lithium seeks to contribute to the green energy transition while providing critical materials needed for modern technological advancements.
American Lithium shares are trading lower by 29% during Wednesday's session. The company announced plans to voluntarily delist its shares from the Nasdaq.
Lithium prices rise as Chinese companies return to the market, signaling the end of a slide. Short-term restocking and long-term EV demand expected to drive prices up.
PALM BEACH, Fla., April 02, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - Experts see that all indications are that the Lithium market will continue to rise past 2030. A report from Grand View Research said that revenues will reach USD 9.03 billion in 2024 and the Increasing investments in EV manufacturing across the world are expected to positively influence the growth of the lithium market over the forecast period (2024 to 2030). The report continued: “U.S. holds major significance in battery production after China, which makes it one of the key lithium-consuming countries in the world. The country has huge reserves of this important metal. According to USGS, lithium resources from brines and minerals accounted for 7.9 million tons in U.S., in 2022. Market players in U.S. are focusing on getting a hold on the battery supply chain due to increasing production of EVs in the country and as transportation of batteries is dangerous. In 2018, Interior Department listed lithium as a critical mineral, which paced up the mine permitting process. In January 2021, the Bureau of Land Management approved Thacker Pass Mine proposed by Lithium Nevada Corporation. This mine is believed to serve as the largest source of commodity supply in U.S. and is expected to be able to produce about 60 kilotons of battery-grade carbonate by 2026.” Active mining stocks in the markets this week include: Lithium South Development Corporation (OTCQB: LISMF) (TSX-V: LIS), Lithium Americas (Argentina) Corp. (NYSELAAC) (TSX: LAAC), Standard Lithium Ltd. (NYSE American: SLI) (TSX-V: SLI), American Lithium Corp. NASDAQ: AMLINASDAQAMLI)(NYSE: ALTMNYSEALTM.
