OTCtipReporter.com Reports: Electric Cars Could Drive up Lithium Prices!
China is a leading manufacturer of components for smartphones and tablets.
New York 9/11/2012 02:20 AM GMT (TransWorldNews)
Nova Mining Corp. (OTCBB: NVMN) management was pleased to learn that on Friday, International Business Times reported that "Growing global demand for electric cars like the Tesla Model S and Ford Focus Electric could drive demand for lithium up by as much as 20 percent per year, benefiting chemical and mining companies".
Nova Mining Corp President James Dilger successfully has led the Company to focus on taking advantage of ideal market conditions for lithium as consumer demand for long-life batteries, such as those used in Apple's popular products and in electric vehicles, continues to pressure current supplies and increase prices. Nova Mining Corp recently learned that it may have up to $12 Bil in lithium currently under contract in Mongolia. Since Mongolia is connected by quality rail service to China's manufacturing centers, Company management believes that it is in the best position to take advantage of the current lithium "seller's market".
China is a leading manufacturer of components for smartphones and tablets. Nova Mining Corp has already been engaged by three Chinese battery manufacturers for lithium supplies.
Nova Mining Corp. (NVMN) seeks out the most potentially lucrative mining projects, supplies and sales of strategic high-demand minerals, such as lithium, as part of its aggressive economic business model.
About Nova Mining Corp. (OTCBB: NVMN)
Nova Mining Corporation is a Nevada corporation listed on the OTCBB under the trading symbol NVMN. The Company is a growth-focused entity that seeks to acquire an international portfolio of strategic high-demand mineral mining assets. Nova Mining competes in an industry sector that includes FMC Corp, Rio Tinto and Rockwood Holdings Inc.
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