It Is Expected That China's Lithium Carbonate Output Will Amount to 45,000 Tons and... | Reuters It Is Expected That China's Lithium Carbonate Output Will Amount to 45,000 Tons and Its Designed Production Capacity Will Surpass 60,000 Tons By 2010 DUBLIN, Ireland--(Business Wire)-- Research and Markets (http://www.researchandmarkets.com/research/e89a13/global_china_lit) has announced the addition of the "Global & China Lithium Carbonate Industry Report, 2008-2010 (Updated Version)" report to their offering. Lithium is the lightest metal in nature. Lithium with extremely high strategic value is widely applied in such traditional industries as battery, ceramics, glass, aluminum, lubricant and refrigerating agent, as well as in emerging application domain like nuclear and photoelectric industry. Lithium carbonate as the basic material for the production of lithium metal and other lithium salts is the most important lithium product. Other industrial lithium products basically are its downstream products. China is one of the countries with the largest lithium reserves in the world. China's proven lithium reserves (converted into pure lithium) have reached 3.35 million tons, meaning China ranks the third in terms of salt lake brine lithium reserves and ranks the fourth in terms of lithium ore resources. China's prospective reserves of lithium resources will be more substantial. From a global perspective, the most important application of lithium carbonate products in 2007 covered the four major industries of battery, glass, ceramics and lubricant, taking up the proportions of 25%, 12%, 10% and 8% respectively, of which the application in lithium battery sector had the fastest growth. In terms of the demand of downstream industries for lithium carbonate, the demand proportions of such traditional industries as glass, ceramics, lubricant and pharmacy to the total tended downward, although their absolute value still grew.
