Wednesday, September 14, 2011

Lithium Jolt: China to Develop ‘New Pillar Industries’ Like EVs, Wen Says ilc.v, tnr.v, czx.v, rm.v, lmr.v, abn.v, asm.v, btt.v, bva.v, bvg.v, epz.v, fst.v, gbn.v, hao.v, jnn.v, ks.v, ktn.v, kxm.v, mgn, mxr.v,, svb, ura.v,,,


China to Develop ‘New Pillar Industries’ Like EVs, Wen Says

By Bloomberg News - Sep 14, 2011

China will develop new pillar industries such as electric vehicles, Premier Wen Jiabao said in a speech today at the opening of the World Economic Forum in Dalian, China.
China will overhual pricing mechanism for energy, he said."

"China is very active in Electric Cars space and has a strategic plan to create Lithium batteries manufacturing and Electric Cars industries. Chinese companies are searching the globe in order to secure supply of Lithium and put a solid foundation for the state-level energy Transition plan.

"International Lithium Corp: China Closes Strategic Lithium Transaction in Latin America. SHANGHAI--(BUSINESS WIRE)--In another sign of Latin America’s growing strategic importance to China, SinoLatin Capital announced today the successful closing of Jiangxi Ganfeng Lithium Co. Ltd’s (“Ganfeng Lithium”) acquisition of 9.99% of International Lithium Corp. (“ILC”) a company trading on the Canadian TSX Venture Exchange under the ticker symbol ILC. SinoLatin Capital served as advisor to ILC on the transaction. The strategic relationship agreement provides for, among other things, the right for Ganfeng Lithium to maintain and increase its percentage ownership in ILC, grants certain marketing and offtake rights and provides for ILC board representation."
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