Tuesday, November 24th, 2009

Lithium Stands to Profit with Government Investment

Mar 2nd, 2009 | By Laura Cadden | Category: Featured, Oil Investment & Alternative Energy

Laura 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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By Laura Cadden

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Laura is a Contributor to Today's Financial News

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Today's Financial News provides an independent and practical perspective on the U.S. and global investment markets. We provide you with a free, reliable, easy, up-to-date, and focused resource to help you make your financial decisions with commentary, interviews, recommendations, and video. Today's Financial News includes the analysis and opinions of those editors whom we have come to trust over the course of the years.

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