Revenues for lithium showed a considerable relative improvement recording an increase of 47.6 percent compared with last year. This demonstrates that the lithium market has improved considerably compared to the market conditions observed during 2009.
Read the full article: "Stronger Lithium Prices a Key to Increased..."
Wednesday, August 25, 2010
Ford Motor Company and Portland General Electric announced a collaboration to help prepare the city of Portland share information on charging needs and requirements to ensure the electrical grid can support the necessary demand for electric vehicles. The recent collaborative follows a press release from the US Department of Energy for a $2.4 billion investment to further accelerate the manufacturing and deployment of electric vehicles, batteries, and components in the US.
Read the full article: "Support for Lithium Ion Battery Technology..."
Wednesday, August 18, 2010
SQM saw its share price climb over 6 percent on Tuesday after Potash Corp, said its board rejected an unsolicited $39 billion offer from miner BHP Billiton. Lithium investors will remain very interested in this development as BHP said it continues to review its options and will make a further announcement in due course.
Read the full article: "Share Price Soars for Global Leading Lithium..."
Wednesday, August 11, 2010
Last week, the top lithium mining companies urged Chile to overhaul regulation to allow them to increase output of a metal seen booming in coming years anticipating a larger scale adoption and demand of electric cars and lithium batteries. The government wants the industry to grow; however, opposition has said the state should keep its tight grip over an industry that could bring billions of dollars in revenue in the future.
Read the full article: "Lithium Industry Keenly Awaiting Potential..."
Wednesday, August 4, 2010
China’s principal lithium-producing province plans to boost output of the metal by a factor of five over the next five years, which is half the level of its previous target. This revised guidance for lithium production was followed by a subsequent announcement that China may invest more than $15 billion in electric vehicles during the next 10 years. Investors will be interested to observe how this development might impact the global supply and demand, or if this could potentially change the adoption rate of electric vehicles in specific markets.
Read the full article: "China Revises Overly Ambitious Lithium..."
Thursday, July 29, 2010
Lithium carbonate purchases are typically tied to longer term supply contracts between the lithium producers and customers. There may be as many as ninety different varieties of lithium that producers will market and pricing is not simplified enough to give a generic quote as there are different volumes and purities according to the demands.
Read the full article: "Lithium Prices"
Wednesday, July 28, 2010
As the lithium fund holds a variety of companies that are exposed to multiple revenue streams it might be of interest for investors to note that on a weighted average basis, the implied exposure to lithium from the top 10 holdings is equivalent to only approximately 30 percent of the fund’s assets, based on the reported segmented revenue from the latest annual company filings.
Read the full article: "Myths of a Lithium Exchange Traded Fund (ETF)"
Wednesday, July 21, 2010
Last Thursday, a binding letter agreement was executed to combine Salares Lithium Inc and Talison Minerals to strategically merge their respective lithium assets and create the world’s largest, publicly traded lithium production and exploration company.
Read the full article: "Major Australian Lithium Producer Merging..."
Wednesday, July 14, 2010
The US Department of Energy will be providing a $28.4 million grant to expand the Silver Peak lithium production facility operated by the Chemetall Foote subsidiary of Rockwood Holdings. The funding grant represents 50 percent of the estimated project development upgrading costs.
Read the full article: "US Subsidizing Domestic Lithium Production"
Wednesday, July 7, 2010
Last week Japan’s fourth-largest trading house, Itochu Corp., announced that it has taken a 20 percent stake in a U.S. project to produce lithium and that it expects to start sample shipments for use in car batteries by the end of this year.
Read the full article: "Japanese Demonstrating Interest in US..."
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Wednesday, September 1, 2010