Wednesday, July 07, 2010

Goldman Sachs: Americas: Clean Energy: Energy Storage TNR.v, CZX.v, RM.v, LI.v, WLC.v, CLQ.v, TSLA, HEV, AONE, FCX, RTP, BHP, SQM, FMC, ROC, F, GM,

We have another report on Energy Storage space which provides a view from Goldman Sachs on the sector this time. In Lithium space we have our own fast developing story, when Japanese Trading Houses are in a rush to secure Lithium supply.

"Asian lithium rush continues. One more Junior in Lithium is gone from the market for potential deals. We were not following geothermal as source of lithium so close as it is more risky than well defined extraction from brines and hard rock lithium deposits. Chemistry should be right and the process is much more complicated, but this move by Itochu shows that Japanese conglomerates are ready to go the distance in order to secure Lithium supply from different sources. After Korean Kores deal with lithium One we have on our radar screens two juniors involved in Lithium Brines in Argentina and Nevada are left for J/V deals: International Lithium and Rodinia Minerals. Japanese are using recent soft markets to grab all available lithium projects on the development stage and with this rate of deal announcement all reliable Canadian juniors in Lithium could be engaged by the end of this summer."

Goldman Sachs: Americas: Clean Energy: Storage: Batteries
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