Orocobre Ltd., which plans to begin extracting lithium next year from Argentina brine, said rising demand for battery-powered consumer electronics has cut the company’s dependence on electric vehicle adoption.
Investors from JPMorgan Chase & Co. to BlackRock Inc. are trying to make money from the exploding popularity of iPads and increasing sales of hybrid cars by investing in producers of lithium for batteries.
Galaxy Resources Ltd. , aiming to become the world’s fourth-biggest lithium-carbonate producer, expects to “make money” next year and is seeking new projects in Australia and Canada as demand rebounds.
Galaxy Resources Ltd. , aiming to become the world’s fourth-biggest producer of lithium-carbonate used in mobile phones, is looking to purchase advanced projects as demand gains for alternate, cleaner energy sources.
Talison Lithium Ltd., the world’s largest producer of the material used to power iPads and hybrid vehicles, said it’s studying debt funding for a proposed plant in Western Australia that may cost as much $250 million.
Rockwood Holdings Inc., the world’s largest producer of lithium products, dropped the most in 10 months in New York trading after Credit Suisse downgraded its rating on the stock because of a competitor’s price cut.