Lithium's Prospects - Seeking Alpha

Lithium's Prospects - Seeking Alpha:

As gas prices reach a staggering $4 per gallon, with early predictions in the $5 range for summer, many consumers who have been reluctant might now be considering the electric alternatives to keep their wheels turning. Lithium-ion batteries, the technology in hybrid electric cars and consumer electronics, are just one part of the lithium market but could be where the most growth and potential lie. Lithium is used in a wide range of applications, from nuclear weapons to medicine. As of 2010, the most common use for lithium was as flux for glass and ceramics (29% of lithium usage in the USA), with the battery industry trailing closely (27%). The most notable use of lithium-ion batteries is in purely electric and hybrid electric vehicles, but lithium also powers cell-phones, iPods, iPads, laptop computers, and other consumer electronics. Some of its other uses can be seen in high-heat lubricating greases, air purification, certain optical devices, and in the manufacturing of high-performance airplane parts from lithium-aluminium alloy. read more...

(Via seekingalpha.com)

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