Tuesday, April 14, 2009

Lithium: Things are moving fast from China to Oregon. TNR.v, SQM, WLC.v, CLQ.v, GOOG, TTM, GM, F, BYD, FXI, OIH, OIL, RIMM, AAPL

One more argument against wide spread penetration of Electric Cars is about to be proven weak: bailouts will provide necessary Infrastructure funds in line with Obama vision and Inflation will bring Oil higher again providing necessary economical substance. 0.25 to 0.5 USD per gallon equivalent will be a good incentive to buy Electric Car with Oil above 75 USD/b. Lithium supply will be next necessary precious commodity for this Mobility revolution and this story make its way to the headlines this summer.
"This week at the New York Auto Show Mitsubishi made the announcement that they would assist in building a state-wide charging network for electric cars in Oregon.
Mitsubishi Motors North America CEO Shinichi Kurihara announced the commitment the same morning that it was announced that the Mitsubishi iMiEV would be coming to the United States.
Mitsubishi’s contribution will come in the form of input to state while it builds the electric vehicle charging stations.
This makes the second partnership for the state of Oregon’s EV charging station project. Nissan was in Portland last Monday with a prototype of a 2010 electric car which is expected to be sold this year."
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