Canada Lithium Says China Demand to Outstrip Supply by 2015

Canada Lithium Corp., building a mine in Quebec, said demand may outstrip global supply by 2015 because China will need more electric-car batteries that contain the metal.

The Toronto-based company will profit from China’s goal of producing 1 million electric vehicles a year by 2015 to reduce carbon-dioxide emissions and gasoline imports, Canada Lithium Chief Executive Officer Peter Secker said. By 2020, the Asian country plans to build 5 million electric cars a year, which would require tripling current lithium production, Secker said.