iPad and Hybrid Car Boom Affects Lithium Market

Bloomberg reported that investors from JPMorgan Chase & Co. to BlackRock Inc. are investing in producers of lithium for batteries due to iPad and hybrid car boom.

As quoted in the market news:

Talison Lithium Ltd. (TLH), whose shares have gained 26 percent in the last month, together with Soc. Quimica & Minera de Chile SA, Rockwood Holdings Inc. and FMC Corp. (FMC) (FMC), produce almost 95 percent of world supply. Rio Tinto Group (RIO), the third-biggest mining company, may join the largest suppliers if it goes ahead with a mine in Serbia it says is capable of producing 20 percent of global output of the metal.

Click here to read the full Bloomberg report.