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.
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.
Tesla Motor Inc.’s planned battery factory may consume as much as 17 percent of current lithium output, easing a forecast oversupply and benefiting producers like Rockwood Holdings Inc., Goldman Sachs Group Inc. said.
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.