SAN DIEGO, CA--(NewMediaWire - Mar 30, 2017) -
SourcingLink.net (OTC PINK: SNET) is pleased to share the market sentiment
from this year's Indaba mining conference. "Forecasts are unified
in their projections as overall demand for battery metals is
expected to soar," according to the panel moderator and general
manager at Industrial Metals, Barbara O'Donovan.
"This will no doubt support both lithium and cobalt prices in
the years ahead, O'Donovan said, with lithium carbonate spot prices
having already increased from as low as $7/kg in June 2016 to as
much as $20.5-24/kg today." From article published on February 7th,
2017. (Source: http://www.platts.com/latest-news/metals/london/battery-demand-to-drive-lithium-cobalt-market-26656704)
"Rising lithium and cobalt prices are not expected to dampen
overall demand for batteries as they make up less than 3% of total
costs in the case of lithium. Even with demand forecast to increase
significantly, new supply is expected to meet it in the medium
term."
SourcingLink.net is taking steps to prepare for the 2017 May
exploration of their Lac Fire Claims in Quebec. The goal is to
visit areas where lithium has been found and continue later on in
the summer.
About SourcingLink.net, Inc.
SourcingLink.net is a U.S. based publicly traded exploration and
development company. Their focus in on rare metals and rare earth
elements which are among the primary input materials for the 21st
Century technology.
About The Lac Fire Project:
SourcingLink.net, Inc. acquired 8 new lithium-tantalum claims in
James Bay, Quebec, Canada. The block of 8 new claims share a 12 km
boundary which is on three sides with the Rose Lithium Tantalum
Property of Critical Elements Corp. The new Lac Fire property was
staked to strategically cover ground that may be on strike and have
similar geology to the Rose Lithium Tantalum Resource.
Forward-looking Statements
This release contains "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements, which contain words such as "expect,"
"believe" or "plan," by their nature address matters that are, to
different degrees, uncertain. These uncertainties may cause actual
future events to be materially different than those expressed in
our forward-looking statements. We do not undertake to update our
forward-looking statements.
The above news release has been provided by the above company
via the OTC Disclosure and News Service. Issuers of news releases
and not OTC Markets Group Inc. are solely responsible for the
accuracy of such news releases.