QMC Quantum Minerals Corp. (OTC: QMCQF) (TSX.V: QMC) (FSE: 3LQ) Positioned to Benefit from Increasing Global Lithium Demand

Advancing technologies and market adoption of electric vehicles expected to fuel lithium-ion battery market growth to $93.1 billion by 2025 QMC has initiated planning of a geochemical survey over select areas of its Irgon Lithium Mine Project The company has several advantages expected to reduce the time required for exploration and to bring the Irgon Lithium Mine Project online

A positive market outlook and advantages enjoyed by Vancouver-based QMC Quantum Minerals Corp. (OTC: QMCQF) (TSX.V: QMC) (FSE: 3LQ) have placed the exploration company in a favorable position to benefit from projected higher global demand for lithium. The metal is needed as a key raw material in the manufacture of lithium-ion batteries, which are used to power electric vehicles, consumer electronics and energy grid power storage systems.

The global lithium-ion battery market is expected to reach $93.1 billion by 2025, growing at a compound annual growth rate (CAGR) of 17 percent, according to a report by…

Read More>>

More from NetworkNewsWire

Pacific Software, Inc.’s (PFSF) Proprietary Hyperledger Platform to Incorporate Agri-Blockchain Solutions, IoT Integration Lithium Chile Inc. (TSX.V: LITH) (OTCQB: LTMCF) Well Placed for Metal Discoveries in South America’s Lithium Triangle 665 Energy, Inc. (SSOF) Building Momentum as Energy Industry Supplier, Resale Business

About NetworkNewsWire

NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

To receive instant SMS alerts, text STOCKS to 77948

For more information, please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

Latest News

China telecom giant Huawei hints US pressure hurting sales

Jun 16, 2019

SHANGHAI — Huawei's chief strategist said Tuesday the company would have become the world's number one smartphone maker by the year's end if not for "unexpected" circumstances — a hint that pressure from the U.S. may be hurting its sales. The comment by Shao Yang at the Consumer Electronics Show in Shanghai comes as Washington intensifies pressure on other countries to exclude Huawei Technologies from next-generation, or 5G, telecom networks where it actually is considered an industry leader. "If we had not encountered anything unexpected, we would have become number one in the world by the fourth quarter," Huawei's chief...

China says list of 'unreliable' foreign firms coming soon

Jun 16, 2019

BEIJING — China's Commerce Ministry will release a list of "unreliable" foreign companies in the near future, a spokesman said Thursday, without giving a specific date. The decision to create the list, announced last week, is widely seen as a response to a U.S. decision to put Huawei Technologies on a blacklist for alleged theft of intellectual property and evasion of Iran sanctions. Chinese Commerce Ministry spokesman Gao Feng told reporters at a weekly briefing that the process of drawing up the list was underway. He said no particular company or industry is being targeted. "Companies that abide by Chinese...

China issues travel alerts, slams US 'interference'

Jun 16, 2019

BEIJING — China issued a pair of travel warnings for the U.S. on Tuesday and slammed what it called "interference" in its internal affairs. Foreign Ministry spokesman Geng Shuang accused the U.S. of acting in bad faith in trade negotiations and said any attempts to interfere or undermine China's stability would be "doomed to fail." The volleys of criticism between the two largest economies leave them further than ever from resolving their standoff over U.S. complaints that Beijing resorts to unfair trade practices and unscrupulous methods to obtain advanced technologies. The Chinese comments followed a statement from the U.S. Trade...

China data suggests trade war hit; tech group reverses stand

Jun 16, 2019

BEIJING — A report Monday on Chinese manufacturing suggested that Beijing's trade war with the Trump administration is causing domestic economic damage. Surveys of manufacturers across Asia for May showed that business confidence has been shaken by the conflict over President Donald Trump's demands that Beijing change its industrial planning strategy and find other ways to redress its perennially huge trade surpluses. But in a move that could ratchet back some tensions, the world's largest association of technology professionals said it is lifting a research cooperation restriction it had imposed on employees of Chinese tech giant Huawei. A private survey,...

Samsung vows to keep up investment as trade war raises risks

Jun 16, 2019

SEOUL, South Korea — Samsung Electronics' Vice Chairman Lee Jae-yong has vowed to keep up robust investments in key businesses as South Korea's leading company weathers slowing demand and the impact of trade clashes between Washington and Beijing. In a weekend meeting with top Samsung executives, Lee called for "unwavering focus on long-term, fundamental leadership in technology" and reaffirmed plans to invest 133 trillion won ($112 billion) to strengthen the company's presence in the non-memory chip market. Samsung also last year announced a three-year plan to invest 180 trillion won ($152 billion) to strengthen its memory chip segment and other...

Sign up now!