On a date in the calendar that normally experiences an increase in green consumption, everyone from leprechauns to lithium investors appear to be eager to participate. Perhaps riding on the theme of “the luck ‘o the Irish,” the Federal Reserve made a further commitment to keep rates low for the foreseeable future.
The increase in demand for lithium carbonate is expected to increase four-fold by 2017. High demand and low supply has already pushed lithium carbonate prices to US$ 6,600.00 per ton. Isn't it time you dived in?
High gas prices or a desire to lower one’s carbon footprint, or even a reluctance to further enrich nations in the Middle East, whatever your peeve - lithium-ion shows the way.
Korean steel producer POSCO plans to invest $5 million in Pan American Lithium Corp. (TSX-V: PL), formerly Etna Resources, Inc. (TSX-V: ETN), in keeping with POSCO CEO Joon-yang Chung saying the steel producer would double investments in non-ferrous metals in 2010.
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