Demand for lithium is booming around the globe thanks to an explosion in
tablet and smartphone manufacturing. Green Technology Solutions’ (OTCBB:
GTSO) mining subsidiary, GTSO Resources, is acting quickly to capitalize
to begin recovering recycled lithium using urban mining techniques.
“Incredible Apple (NASDAQ: AAPL)
iPad and iPhone sales, in addition to increased demand from hybrid
vehicle manufacturers, are causing a major global lithium shortage,”
said GTSO CEO Paul Watson. “Lithium prices have already tripled, and no
one expects them to level off anytime soon. We are positioning GTSO to
exploit future growth in this rapidly growing urban mining sector.”
Prices for lithium, the lightest metal on the periodic table, have risen
300 percent since 2000 in a market now valued at $1 billion a year.
Market research forecasts the lithium-ion batteries market to reach $43
billion by 2020. The conductive element is critical to the manufacture
of Apple iPads and iPhones as well as many other cutting-edge
electronics and vehicles. Lithium-ion batteries generate more
electricity than competing cells such as lead-acid.
Apple’s aggressive release schedule for new devices creates a massive
supply of obsolete tablets and phones, Watson said. The company is
already targeting urban mining businesses for joint venture and
acquisition capable of recovering tungsten. Moving forward, lithium
recovery will be a priority as well.
Modern electronic waste now contains valuable metal deposits 40 to 50
times richer than ores mined from the ground, and up to 85 percent of
these materials are lost to landfills. GTSO plans to help change that by
beginning operations to recover lithium, tungsten and other critical
materials from discarded iPads and other electronics.
“We forecast that urban mining of lithium and tungsten will be a
high-growth market for many years to come,” Watson said.
GTSO plans to service a fast-growing global appetite for rare and
precious metals to compete in an exciting sector that includes FMC Corp.
(NYSE: FMC), Newmont Mining Corp. (NYSE: NEM), and Rio Tinto (NYSE: RIO).
About Green Technology Solutions, Inc.
Green Technology Solutions, Inc. [www.GTSOresources.com]
is a growth-oriented company exploring rare earth minerals and precious
metals production around the world. To learn more, please visit our
website at www.GTSOresources.com/investors.html.
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