Lithium Prices Strong

Notable Quotes

"EXXI has a very good mix of high-impact exploration and lower-risk development." (1/31/12) Energy XXI - The Energy Report Interview with Bill Powers More >

"NPK appears to be the lowest-cost potash producer in Brazil." (1/31/12) Verde Potash - Jaret Anderson, Mackie Research More >

"TPL's new oil storage and rail loading facility will initially double production." (1/30/12) Tethys Petroleum Ltd. - Deborah Sterescu, Proactive Investors More >

"CPT continues to derisk Vista." (1/30/12) Coalspur Mines Ltd. - David Charles, GMP Securities More >

"TLH is performing a very aggressive expansion plan." (1/26/12) Talison Lithium Ltd. - The Energy Report Interview with Daniela Desormeaux More >

"LI has really good prospects for the future." (1/26/12) Lithium One Inc. - The Energy Report Interview with Daniela Desormeaux More >

"I think that RM can be a player in the lithium industry." (1/26/12) Rodinia Lithium Inc. - The Energy Report Interview with Daniela Desormeaux More >

"NMX has one of the highest project rankings by our methodology." (1/26/12) Nemaska Lithium Inc. - The Energy Report Interview with Daniela Desormeaux More >

↓ COMMENT
on this article

Source: Lithium Investing News, Dave Brown��(9/1/10)

"The lithium market has improved considerably since 2009."

Strong first half earnings by Sociedad Quimica y Minera de Chile S.A. (SQM)�the world's largest lithium miner�bode well for lithium investing. SQM's 2010 annual net income increased more than 4.2% to $181.5M. Revenues represented a 29.5% increase over the comparable period last year. Segmented revenues for lithium showed a considerable relative improvement recording an increase of 47.6% over last year.

Investors will take confidence as this demonstrates that the lithium market has improved considerably compared to market conditions observed in 2009.

The traditional driver of the lithium market has been rechargeable batteries for portable devices, and it also improved beyond demand highs observed in 2008. The news that consumers throughout the lithium chain have also restored their operational inventories, boosting demand for lithium and improving sales volume is a welcome sign for lithium investors.

The capital market has also demonstrated optimism on the positive earnings report with the stock trading at $43.69 range, which represents an increase of 2.5% over the previous close and just over 15% appreciation for the month of August.

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