Lithium Stands to Profit with Government Investment
Mar 2nd, 2009 | By Laura Cadden | Category: Featured, Oil Investment & Alternative EnergyLaura Cadden of Today’s Financial News points out that the “commodity choice for investors” is Lithium. With the high global demand and the U.S. governments’ plan to invest over $2 billion on hybrid technology, Lithium is a smart investment.
This from Laura:
Lithium is becoming the commodity of choice for investors — for good reason. Car makers are choosing lithium-ion batteries for their much-anticipated hybrid and electronic vehicles. And the $2 billion the U.S. intends to invest in that technology will help ease the way.
At car shows globally, everybody’s talking lithium…
- GM announced it would build a plant to manufacture lithium-ion (Li-ion) batteries for the Chevy Volt scheduled to debut in 2011.
- BMW plans to launch its remodeled Li-ion battery-powered 750i luxury sedan to the Japanese in 2010. This year, the company is producing 500 all-electric MINI Es, also with Li-ion batteries, for leasing in select cities.
- Toyota (NYSE:TM) hopes to launch plug-in hybrid Priuses with Li-ion batteries later this year.
- Mercedes-Benz anticipates launching its S400 Blue HYBRID with a Li-ion battery next year.
- The (NYSE:F)Ford Escape plug-in hybrid with the same power technology is slated for 2012.
- Then there’s the Tesla Roadster, Chyrsler EcoVoyager, Dodge ZEO, Jeep Renegade and the Saturn Flextreme.
Government money to the tune of $2 billion has been earmarked for hybrid technology. And with the greater demand for all these Li-ion car batteries, miners, processors and battery manufacturers stand to profit.
Read the Full Article Here: Lithium stocks on the rise
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