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.
The world’s largest lithium producer has indicated interest in the salar concessions for Salares Lithium, resulting in the conversion of over 39,000 Ha of concessions that cover the aerial extent of the brine lake from the current 'exploration' concessions to 'exploitation' concessions.
Driving strong demand for lithium battery adoption, a resent report has been published that suggests hybrid and electric cars may grab as much as 10 percent of the European automobile market by 2020.
It was a busy week for lithium investors as 2 of the largest lithium producers in the world reported strong first quarter earnings.
Wednesday, July 28, 2010