Lithium Prices Strong
Source: Lithium Investing News, Dave Brown (9/1/10)
"The lithium market has improved considerably since 2009."
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.