Top Lithium Producers Report Mixed Earnings
The optimistic outlook for growth in lithium demand presented by recent financial results from major lithium companies seems promising for the broader lithium industry.
Articles Tagged "NYSE:SQM"
Lithium ETF – A Year in Review
July sparks the one year anniversary of the launch of the first lithium ETF, the Global X Lithium ETF. Continued sophistication of innovative ETF products may one day result in additional and alternative vehicles with direct and concentrated exposure to a broader base of lithium exploration, development, production companies, or specialty battery manufacturing enterprises.
Lithium Resource in Argentina Attracting Analyst Interest
Dundee Capital Market's coverage of Lithium America's suggests the potential for the company to be one of the lowest costs lithium carbonate producers in the world.
Top Lithium Producer Reports First Quarter Earnings and Guidance
The company disclosed that demand in the lithium market remained robust for the period as “improved economic conditions continue to provide a firm foundation for market growth. Important improvement in demand for batteries, the historical demand driver for the lithium market, continued to support demand growth for this market."
Top Lithium Producer Reporting Record Earnings
Performance of the lithium business beat original company expectations for 2010, and the segment posted record sales volumes. The lithium market improved strikingly over 2009 lows, and the company estimates that total demand for lithium in 2010 was greater than in 2008, the previous record year for demand.
Lithium Conference Offers Cautionary Guidance
The 3rd Annual Lithium Supply and Markets Conference was hosted by Metal Bulletin last week at the Metro Toronto Convention Centre. One of the keynote speakers at the event, Edward R Anderson, president of lithium consultants TRU Group Inc., indicated some bearish sentiments for lithium pipeline projects.
Top Lithium Producers
The limited number of publicly traded companies engaged in lithium exploration and production is even more concentrated than the geographical extent of operations; however, the dynamic industry experienced some important developments which grabbed investors attention this year.
Stronger Lithium Prices a Key to Increased Earnings for Largest Miner
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.
Support for Lithium Ion Battery Technology in the US Pacific Northwest
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.
Share Price Soars for Global Leading Lithium Producer
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.
