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Do any of you own or have looked at Western Lithium USA (WLCDF), now that's a wild speculative stock. Like riding a bull named FooManChew!!! But at least it's exciting.
Well the charts, weekly and daily and oscillators, are looking sweet as this run slowly and agonizingly sets up. I couldn't get my buy order in today since TDAmeritrade had my money on hold all day, jerks. I will put my order in the morning at .030, see if I can force it up over resistance, just for fun!!
Cool, I want one!!!!
I'm really thinking our little company is going to be gobbled up. One day the pps will flatline at 1.10 a share because it has been aquired like what happened with IMAT after GE purchased it!!
2:46:54 PM Trade 0.025 2100
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11:17:47 AM Trade 0.026 520
11:17:33 AM Trade 0.026 5000
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9:34:25 AM Trade 0.0263 43000
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What's better than an inverted hammer; a bigger inverted hammer! Well we stuck our toes out and tested the resistance at .030 and the 50 day moving average line. So it's all good, no worries, now we can rock above .030. Yeah, it's okay, we can do this. Hair trigger sellers behave!
Oh and I hope I can get in at .026 on opening bell before things get crazy!
Someone bought 40,000 shares and sold 40,000 shares 6 minutes later. Go figure!
Guys, don't run this up yet, im trying to get more shares Tuesday morning, moving cash quick as I can!!
Look at all the batteries in this thing! I like how they are able to spread them throughout the vehicle so they do not take up usable people space.
http://green.autoblog.com/photos/volkswagen-golf-blue-e-motion/#2987560
EV Forecast: Sunny, But Uncertain
Martin Eberhard, one of the original co-founders of Tesla Motors in 2003 and now director at Volkswagen's Electronics Research Laboratory (ERL), is predicting that that within the next 10 years, electric cars will have a range of 500 miles and more. It's a bold prediction considering that the Tesla Roadster has a range of 244 miles (at a very high cost, and for a lightweight 2-seater) and that most other electric cars that are coming soon have a range of around 100 miles (Nissan LEAF, electric Ford Focus, Mitsubishi i MiEV). But on the other hand, Mr. Eberhard has been in the industry a while and is in a position to know what's in the pipeline... Read on for more details.
After being asked why VW/Audi was using 18650'-type lithium-ion cells (the same kind used in portable consumer electronics), Eberhard discussed the recent progress of these batteries:
To illustrate the point, the lithium-ion cells we're currently working with contain 2.9 amp-hours of power; five years ago the ones we were using at Tesla only had 1.4 amp-hours. That rate of development has already had an impact on the cars we're working on. The batteries we used in the original Audi e-tron prototype, for example, gave it 60kWh of power and a range of just over 150 miles. But with the 3.4 amp-hour cells we're about to take delivery of, it should have 100kWh and do close to 300 miles on a charge.
At the current rate of progress, I'd say we will have banished the range anxiety problem, and will be making EVs with greater than 500 miles of operational range, within 10 years. At that point, the further development of fast charging infrastructure won't be so important -- because how often do you drive more than 500 miles in a day?
Of course, the performance of the batteries is only part of the equation. Cost is also very important, but as more portable electronics and more electric vehicles are made, economies of scale should help drive prices down in the same way that other technologies have been made affordable after mass-adoption.
Let's hope he's right.
Not trying to be a drag on anyone's hopes, but I have been holding CONC for many years, actually way before the reverse split that pissed me off, back in ? However, I have lost faith in Conectisys because I feel that the electric companies have such a huge monopoly and control just about everything utilitywise for the last hundred years that they would never be willing to purchase Bob's products because they want to manufacture it themselves and develop the smart grid soley for they're own control and profit. Conectisys is esentially shut out, that's why Bob had to go south in hopes of finding someone to purchase the product. Fernosa Gas and Electric would probably love to purchase some of his units so they can steal the technology without doing $42 million in research.
IFXY Infrax Systems Inc. is also into the smartgrid thingy. The stock is currently on the Nasdaq, look what happened to them when they hit the road block of intrenched electric companies. Obviously greeted with open arms!
The SmartPlug, well without looking at the energy consumtion of my appliances I could probably tell you that my electric dryer cooks more energy than my electric stove because it is on longer. I could tell you that using the microwave will save on electricity vs. the electric stove. How smart do you have to be to understand this. Besides, the only advantage would be purchasing a new efficient electric dryer and with the SmartPlug I can see what my savings is by the difference they both consume. Bet there will be an application for your computer or smartphone that can do the same thing.
Bob is probably doing what most of these penny stock scammers do and live off the investors till the end, and then they put out a major announcement, run the pps high as it will go before selling there own, then let the company fade into nothing as investors still hope eternaly. He'll be living like a king with his family down south in his beach house. Something simular happened with the CEO of Skygivers except she spent our money going to China regularly. I sent her an email one day and asked her why she never gave any news releases. The next day she put one out, drove the pps up, my little $140 dollar investment ballooned to $1400. The next day she emailed me back and said, "how'd you like that?" She must have walked away after that because the company with the stock just slowly faded away to nothing. Some people said, oh it's a shell now sometimes someone will buy a shell and start a company all over with it. Well you can sit and hope forever for that!
I'm liquidating my position in the morning. Gosh it's like leaving a dying relative behind. I just so happen to think that Lithium is smoking hot. LTHU is a better investment for me. Good luck to all of you should you remain.
Nothing like ratcheting up even more urgency for alternate energy as the world sees how oil surges on unrest in Egypt. Adding to my position on Tuesday. Buying this stock is like buying a lottery ticket that you know is going to be a winner!!
English translation:
With light batteries on board could be a helicopter by Sikorsky to be as fast as machines with petrol engine
A new era of technology will drive heralded says Jonathan Hartman, who heads the helicopter manufacturer Sikorsky, the unusual project Firefly. Hartman and his colleagues want to first get a helicopter in the air that is driven only by an electric motor. These technicians have the weight of both the helicopter components and the batteries is reduced. With conventional batteries, a helicopter would hardly be able to withdraw from the earth.
The test model www.DeutschlandAnrufen.com Firefly corresponds in appearance to the model S-300C. The materials used, the engineers of the company's Eagle Aviation Technologies have developed, but are much lighter. Firefly is also working in no grumbling gasoline engine but a 190-hp electric motor. Built it have employees of U. S. Hybrid, based on a lithium-ion technology from the German manufacturer Gaia.
In the battery connector 150 lithium-ion cells, with an electric charge of 45 Ah. Like the original, the Firefly model will reach a top speed of 160 kilometers per hour. End of July last year, Sikorsky introduced the project, according to U.S. media reports, the manufacturer is just about to start the first public test flight.
Initial tests have shown that the efficiency can be increased with an electric motor at 300 percent. Since far fewer moving parts than a gasoline engine are used, the drive is less susceptible to failure and more reliable. The sink in the long term costs, says Hartman. In addition, the motor produces no exhaust emissions and because of the reduced vibration and noise barely. Pilot and passengers did not need any more anti-noise headphones set up and would not talk about headsets. Since an electric motor emits less heat, the helicopter could be in a military operation also very hard to locate.
The performance of the batteries can also become a problem. The electric drive is suddenly up to speed. By careless handling lifts off the helicopter before the pilot is at all ready to go. Therefore, Sikorsky technology have installed software that decelerates the process. In the conventional machine S-300C, the force is transmitted through a kind of coupling from the engine to main rotor. It also changes the sound of the engine, the electric motor hums, however consistently softly to himself, the pilot lost information on when the helicopter leaves. Therefore, Sikorsky has fitted the cockpit with an LCD screen that continuously displays all information from engine and rotor.
Despite progress in the Firefly battery technology, the project seems to be not yet mature. The engineers expect that the test flight will take just 15 minutes on end. Quite as easily and efficiently because the batteries are still not enough. But in some years is also the problem be solved, hope, for example, researchers at IBM. You want to combine in the lithium battery with plain old oxygen. So that could reduce the weight by half and achieve a ten times higher energy density.
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Okay but I'm refering to (LTHU) not the Lithium social web site.
Sub-Chemie looks like they may want to aquire LTHU so there is no middle man/corporation between out of the ground lithium phosphate and the cell units delivered to VW! There is just too darn much money potential there to allow little guys like Lithium Technologies to make any of it! I mean garsh they are already stamping their name onto the battery. Pretty soon they will stamp Sub-Chemie onto Theo's forehead!!
The electric car battery cost is the most expensive part of the car. If you buy lead acid batteries, they may be cheaper up front, but you have to replace then 4 times or more as often as Li-Ion type batteries, and they do not hold as much charge.
In 2010, the Li-Ion battery pack is reported to cost from around $500 up to $900 USD per Kilowatt hour. These are just estimates. Manufacturers are guarded about battery costs at the moment.
So, in theory a 24 kWh battery pack could cost you around $20,000 or so. Recent reports suggest that Nissan has managed to manufacture battery packs for the Leaf for about $375 per kWh. Is this possible?
For starters, if Nissan Leaf packs were running $900 per kWh, the total battery cost would be approaching 2/3 the value of the $33,000 car! Wow, that seems like a lot. How can we get a handle on battery prices for the Leaf and other new EVs?
One way is to look at the price per unit. The unit in the table below is the cell. These cells are LiFePo4 batteries, 3.2-3.4 Volts per cell from 100-260 AH per cell. Cells are sold to DIY Evers for battery pack construction. The Battery Management Systems and chargers required to maintain the cells are not included in the costs.Electric Car Battery Cost The above prices for Thundersky and Sky Energy LiFePo4 batteries are averaged to $416 per Kilowatt hour. This average price times 24 Kilowatt hours gives a total battery cost of $9,984. The BMS cost is based on only a few prices at $1,600. The charger is likewise estimated at $1,400. The total 24kWh pack comes to $12,984. The average per Kilowatt hour cost is $541.
$541 per kWh compares favorably with recent Motor Trend estimates that lithium-ion batteries presently cost around $600/kW-hr.
A 24 kWh pack was chosen so as to compare costs with the Nissan Leaf. Current estimates put the cost of the 24 kWh Nissan Leaf pack at $15,600. That averages to $650 per kWh.
The values above reflect the estimated retail electric car battery cost for a DIY EV battery pack. Actual costs will vary of course, but the estimate gives an idea of the amount and average costs for a reasonably sized, modern EV battery pack
Source: http://www.evsroll.com/Electric_Car_Battery_Cost.html
4.1.4 Lithium
Lithium need not be produced in metallic form for use in Li-on batteries. In fact, very little
metallic lithium is used, and because that small amount is used where it is produced, it is not a
market commodity. The required raw material for these batteries is lithium carbonate. Until recently,
the United States was the world’s largest producer, providing almost 80% of the world’s supply in
1976, from mines in North Carolina, California, and South Dakota and from brines in Nevada, but
only the Nevada operation is still open. Production from brines in South America began in the mid-
1980s, and Chile is now the world’s largest supplier, followed by China, Russia, and the
United States. Almost all lithium carbonate imports to the United States come from Chile, but data
on our current degree of import reliance are not available.
The large new operations, especially in South America, recover lithium carbonate through the
concentration of mineral-rich brines more economically and with less energy use than production
from ore. In one operation, brines averaging 300 ppm lithium chloride are evaporated in ponds for
a year or more until the concentration rises to 6,000 ppm. The concentrate is treated with soda ash
to precipitate lithium carbonate, which is filtered out and dried for shipment.
The United States is still the world’s largest lithium consumer, as well as the leading producer
of value-added lithium chemicals. Major uses are in the production of ceramics, glass, primary
aluminum, and lubricants and greases. None of these uses is considered strategic, and the
U.S. government does not stockpile lithium, although the U.S. Department of Energy did have a
stock of lithium hydroxide monohydrate. U.S. consumption in 1999 was estimated to be about
2,800 T of contained lithium (USGS 2000). This quantity is equivalent to that required for about
290,000 EVs with Li-ion batteries annually, or about 6 million HEVs. Therefore, significant market penetration by EVs with Li-ion batteries would perturb the market and require expansion of imports
or U.S. production. Total world production in 1999 was about 15,000 T of contained lithium (63%
in carbonates), and world reserves exceed 12 million T (USGS 2000). Therefore, long-term supply
should not be a major concern.
Source: http://www.transportation.anl.gov/pdfs/TA/149.pdf
Oct. 18 (Bloomberg) >> Lithium Tech CEO better ramp up production quick IMHO!!!!
-- Sanyo Electric Co., the world’s biggest maker of rechargeable batteries, said it plans to slash the cost of manufacturing lithium-ion batteries used in cars to less than half the current industry average in five years.
The company plans to lower the cost to less than 50 yen per watt hour in 2015, compared with the industry average of about 100 yen now, Hiroshi Ikeuchi, an executive officer for Sanyo’s hybrid electric vehicle division, told reporters at a new battery plant in Kasai city, near Osaka. He declined to specify Sanyo’s current manufacturing cost.
Source: http://www.businessweek.com/news/2010-10-18/sanyo-aims-to-slash-lithium-ion-car-battery-costs.html
The Kasai plant added facilities in July to boost Sanyo’s capacity of lithium-ion car batteries 11-fold to 1.1 million a month. The Osaka-based company may add a manufacturing line at the plant to make large-capacity cells for plug-in hybrid and all-electric cars by March 2011, raising its output ability to as high as 1.5 million units a month.
LONDON, April 26 /PRNewswire/ I know you guys have seen this aready but i'm running it up the flag pole again!!!
-- The credit crunch has hit global and European economies hard. The lack of available finances has affected investments and has been accompanied by a drop in consumer spending, rising unemployment and a decline in industrial output. As the major market for lithium-ion (Li-ion) batteries is in the consumer, industrial and automotive end-user segments, demand has fallen, evidenced by the drop in revenues. However, the market is poised to rebound around end-2010 and, with the electric vehicle (EV) segment projected to explode in 2012-2013, the market is set for sustained expansion.
(Logo: http://www.newscom.com/cgi-bin/prnh/20081117/FSLOGO)
New analysis from Frost & Sullivan (http://www.powersupplies.frost.com), European Secondary Lithium Battery Market, finds that the market earned revenues of $1,618.5 million in 2008 and estimates this to reach $1,759.4 million in 2015.
"Superior performance characteristics that make Li-ion batteries the preferred choice of industry will push growth in the future," notes Frost & Sullivan Research Analyst Rajanand Rao. "Li-ion batteries have a high energy density of 120-160 Wh/kg, compared to 30-80 Wh/kg for Nickel Metal Hydride (NiMH) batteries."
Moreover, Li-ion batteries do not suffer from memory effect and have a low self-discharge rate of about 5 per cent per month, compared to 10 per cent for common NiMH batteries. These superior characteristics of high power and long runtime make them suitable for consumer, industrial and upcoming electric and hybrid electric vehicle (HEV) applications.
The Li-ion battery is emerging as the chemistry of choice and is set to dominate the future of the battery industry, especially with EVs and HEVs poised for mass production. These segments are looking to adopt this chemistry owing to its advanced performance characteristics.
When Li-ion batteries were first introduced in the market, there were several problems connected with their safety and particularly, with their thermal runaway. The best example of these safety issues was the recall of millions of laptop batteries by Sony in 2006 that caused massive losses, both in terms of revenues and trust in Li-ion batteries.
"Li-ion batteries have a tendency to become unstable at temperatures above 140 degrees C," explains Rao. "This needs to be overcome in order to boost customer trust in these batteries and promote their usage in the industrial as well as automotive segments."
The need of the hour is to invest in R&D and find new materials that are safer as well as low cost. New cathode chemistries such as Li-iron phosphate and manganese spinel as well as anode and electrolyte technologies promise higher performance, while also providing improved safety.
"Continued R&D to find new and better chemistries, increasing process efficiency and curbing production costs will ensure a steady revenue flow," advises Rao. "This, together with efforts to expand into the new space created by EVs should help increase, if not maintain, the current market share."
If you are interested in more information on this study, please send an e-mail to Chiara Carella, Corporate Communications at chiara.carella@frost.com, with your full name, company name, title, telephone number, company e-mail address, company website, city, state and country.
European Secondary Lithium Battery Market is part of the Power Supplies Growth Partnership Services programme, which also includes research in the following markets: World Hybrid Electric and Electric Vehicle Lithium-ion Battery Market, World Hybrid Electric Vehicles/Plug-in Hybrid Vehicles Battery Market and, North American Starting, Lighting and Ignition (SLI) Lead Acid Battery Aftermarket. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 40 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com.
Obama wants more funding to boost plug-in vehicle sales
Effort to get million vehicles on road includes more funds for green programs
DAVID SHEPARDSON
Detroit News Washington Bureau
Washington — President Barack Obama renewed his call to get 1 million plug-in vehicles on the nation's roads by 2015, and he wants more government funding to make it a reality.
"With more research and incentives, we can break our dependence on oil with biofuels, and become the first country to have 1 million electric vehicles on the road by 2015," Obama said in his State of the Union Address Tuesday night. "We are the nation that put cars in driveways and computers in offices; the nation of Edison and the Wright brothers; of Google and Facebook."
He said the administration would pay for more funding for electric vehicles by asking Congress to eliminate the billions in subsidies for oil companies.
"Instead of subsidizing yesterday's energy, let's invest in tomorrow's," Obama said.
In advance of his State of the Union address, the White House said Tuesday that the president planned to support about $8 billion in annual government aid — an increase of more than $2 billion over current levels — for green energy programs such as those to develop advanced-generation vehicles and batteries.
"We're not just handing out money. We're issuing a challenge," Obama said.
As an example, he singled out the California Institute of Technology, where "they're developing a way to turn sunlight and water into fuel for our cars."
In the next few weeks, the administration plans to unveil still more efforts to boost electric and plug-in vehicles, such as the Nissan Leaf and Chevrolet Volt.
"This (effort) will focus on electric, plug-in cars and reaching that goal," said White House National Economic Council Director Gene Sperling.
Sperling said the president's budget proposal, to be released in mid-February, will target funds to select communities, enabling them to ramp up infrastructure, such as charging stations, to attract and support the rapid deployment of electric vehicles.
Vice President Joe Biden is traveling to Indiana today to visit Ener1 Inc., a lithium-ion battery manufacturer, to discuss how the administration intends to boost electric vehicle sales.
He will outline the president's three-part plan — "supporting electric vehicle manufacturing and adoption in the U.S. through generous new consumer rebates, investments in R&D, and a competitive program to encourage communities to invest in electric vehicle infrastructure."
Biden is expected to propose converting the $7,500 tax credit given to buyers of electric vehicles to a $7,500 rebate to be deducted from the purchase price at the time of purchase. The current rebate doesn't apply to all buyers, and some must wait months or longer to claim the rebate on their taxes and receive the money from the IRS.
Obama also noted that technology has sharply reduced the number of workers many industries need. Michigan has lost half of its factory jobs since 2000.
"Steel mills that once needed 1,000 workers can now do the same work with 100," Obama said. "I've seen it in the shuttered windows of once booming factories, and the vacant storefronts of once busy Main Streets. I've heard it in the frustrations of Americans who've seen their paychecks dwindle or their jobs disappear — proud men and women who feel like the rules have been changed in the middle of the game."
Obama wants to boost the amount of renewable energy that powers the nation's grid from 40 percent to 80 percent, and called for boosting high speed rail.
"Within 25 years, our goal is to give 80 percent of Americans access to high-speed rail, which could allow you go places in half the time it takes to travel by car. For some trips, it will be faster than flying — without the pat-down," Obama said.
General Electric or a major car company aquiring LTHU is the way I could invision this occuring one lovely day, just like when GE purchased Imatron (IMAT) a few years back. The big companies want to make certain they have a seat at the technology table and they are well positioned!!! Goooo LTHU!!!
Okay locked and loaded for the next up cycle!!! Gooo LTHU!!!!
Since FFIV, VMW is making moves that is spooking investors further over cloud technology. Are the black clouds forming? Just make sure you have your stop sell in place at 8 percent below your purchase price >> just in case!
Good for you Amber!! Starbucks is making money again, should treat us all right this year. Good luck to you!!!!
Nice morning star, we'll take it!!!
I was wrong about it falling out of its lower channel. After I printed out a range of one year, I can see now the price still remains safely within the channel on its daily chart!!!
For only the third time since the Industrial Revolution, the world may be entering a long-term growth cycle that will lift all economies simultaneously, driving bond yields and commodity prices higher.
The depth and scope of the expansion will be a focus for discussion at this week’s annual meeting of the World Economic Forum in Davos, Switzerland. Evidence of a broadening global recovery will enable U.S. Treasury Secretary Timothy F. Geithner, investor George Soros and 2,500 political, business and academic leaders to shift their emphasis away from crisis- fighting.
With the economic and investment outlooks “much better” than in recent years, “people are talking about how to get back to business as normal and what comes next,” said Jitesh Gadhia, a delegate to the conference and the London-based senior managing director at Blackstone Group LP, which runs the world’s largest buyout fund.
Goldman Sachs Group Inc., PricewaterhouseCoopers LLP and London’s Standard Chartered Bank are among the financial companies sending executives to the meeting. Their economists predict a growth spurt in coming decades led by emerging nations that will be strong enough to boost developed countries.
Global gross domestic product will swell to $143 trillion by 2030, allowing for inflation and market-exchange rates, from $62 trillion in 2010, with China and other emerging markets accounting for about two thirds of the rise, estimates Gerard Lyons, chief economist and group head of global research in London for Standard Chartered, which generates most of its earnings from Asia.
Investment, Urbanization
Lyons and his colleagues predict a “super-cycle” of historically high growth that will last at least a generation and will be led by booming trade, investment and urbanization, according to a report published in November. He reckons such a cycle has occurred only twice since the end of the 18th century: the four decades before World War I and the three following World War II. He’s betting the new phase will contribute to a reversal in the three-decade decline for U.S. bond yields after 10-year Treasury notes lost an average 40 basis points a year since the early 1980s.
Richard Dobbs, a director of the research division at New York-based McKinsey & Co., will use the Davos meeting to highlight a study by the international consulting firm that sees an imminent end to cheap capital. The causes are a building bonanza in developing economies and aging populations who are draining their savings, according to the report, which was released Dec. 9.
Signs of Momentum
The 10-year U.S. Treasury note yielded 3.41 percent in New York on Jan. 21, according to BGCantor Market Data, compared with 15.8 percent in 1981 and a record low of 2.04 percent in December 2008. Signs of momentum in the U.S. economy have helped increase the yield from about 2.9 percent at the start of December.
“It’s a topic capturing the attention of people who want to think beyond the crisis,” said Seoul-based Dobbs.
While Goldman Sachs Asset Management Chairman Jim O’Neill has found fame for promoting the “BRIC” economies of Brazil, Russia, India and China, he says their rise has positive impact beyond their borders, with Chinese imports totaling about $400 billion, almost the equivalent of South Africa’s economy last year. That should attract investors to rich-nation companies with links to these markets, and the resurgence in the U.S. economy has prompted O’Neill to predict higher U.S. bond yields in 2011. He didn’t provide a specific forecast.
‘Out of Date’
“World-trend economic growth is being lifted,” said London-based O’Neill, who helps manage $840 billion. “The notion that BRICs benefit at the expense of others is increasingly out of date.”
Investors should buy copper, coal and oil to take advantage of the growth of cities in emerging markets, according to Standard Chartered, which says the Chinese yuan, Indian rupee and Korean won will appreciate on strengthening domestic growth.
Developed nations also will benefit as their emerging- market counterparts invest more abroad, hire more of their workers and rely on their expertise in areas such as financial services, said Lyons, who will be at Davos. He predicts both the U.S. and European Union will enjoy an average trend growth of 2.5 percent through 2030, compared with the 1.9 percent and 1.7 percent he forecasts for this year.
“It’s a win-win situation,” said Lyons, who concedes growth won’t always be strong and continuous during the entire period.
Increasing Integration
The increasing integration of China and other developing economies will boost commerce and investment worldwide, agrees Edward Prescott, a senior monetary adviser to the Federal Reserve Bank of Minneapolis who shared the 2004 Nobel Prize for analysis of business cycles and economic policy.
Prescott points to South Carolina, which has benefited from new factories opened by Chinese companies such as appliance maker Haier Group. The International Monetary Fund projects this year will be the first in which Chinese foreign investment outpaces inward flows.
“The whole world’s going to be rich by the end of this century,” Prescott said.
Such euphoria may be muted in Davos, given the European sovereign-debt crisis, fears of a real-estate bubble in China and mounting public-debt burdens, said Nariman Behravesh, chief economist at consultants IHS in Lexington, Massachusetts, who is attending the meeting.
“There’s going to be more optimism but still some worries,” he said.
High Unemployment
Talk of a super-cycle gets little support from Joseph Stiglitz, a Davos veteran and 2001 Nobel laureate. He contends that globalization and free trade may be stymied by unemployment in rich nations and the risk that more of these countries’ jobs will be lost abroad. The U.S. jobless rate has remained above 9 percent since May 2009.
“Standard Chartered works mostly in developing markets, and that shapes its world view,” said Stiglitz, an economics professor at Columbia University in New York. “If you work in emerging markets, you feel the energy. If you are in the U.S. or Europe, you see the numbers and it’s hard not to feel depressed.”
The difference reflects a “shift in the center of gravity in the world economy, in which the West is struggling to keep up with turbo-charged,” emerging markets, says Stephen King, chief global economist in London at HSBC Holdings Plc and a former U.K. Treasury official. He will outline in Davos what he calls the next phase of globalization: increased trade among emerging countries.
Rising Global Output
His team calculated this month that by 2050, global output will have trebled and average annual growth will accelerate toward 3 percent from 2 percent in the last decade, with emerging markets contributing twice as much to the expansion as the developed world.
Ian Bremmer, president and founder of the Eurasia Group, a political-risk consulting company in New York, is more downbeat as he heads to the Swiss ski resort. He predicts what he calls a “G-Zero” era in which no country has the political or economic leverage to dominate the international agenda and all nations focus on their own priorities. That will reduce economic efficiency and prompt trade conflicts, he said.
Volatility, Uncertainty
The subsequent volatility and uncertainty mean U.S. assets will prove the “comparative safest bet” and the price of gold will stay high, Bremmer said, after touching a record $1,432.50 an ounce on Dec. 7. Fixed-income securities still may suffer as nations impose capital controls, which Brazil and South Korea have done lately, while companies will continue saving rather than spending, he predicted.
“Corporations will keep trillions of dollars on the sidelines,” he said Jan. 5 on “Bloomberg Surveillance” with Ken Prewitt and Tom Keene. “They’re just very uncertain about where the world is heading.”
John Hawksworth, the London-based head of macroeconomics at PricewaterhouseCoopers, is confident a so-called zero-sum world isn’t in the cards. His own attempt to see into the future this month generated a projection that a bloc of seven leading emerging markets, including India and China, will be 64 percent larger than the current Group of Seven by 2050 at market- exchange rates, compared with 36 percent smaller today.
Even so, average income levels in the G-7 countries will rise in absolute terms as new market opportunities open up for their businesses, and consumers will benefit from lower-cost imports, predicts Hawksworth, who has served as a consultant to the World Bank and whose company will release its annual survey of executives in Davos tomorrow.
“There is a shift in economic power from West to East, but the West can still do well,” Lyons said.
Source: http://www.bloomberg.com/news/2011-01-23/super-cycle-leaves-no-economy-behind-as-davos-shifts-to-growth-from-crisis.html
IBD moved us from 22 spot to 20 on the IBD 50. The notation says that NTAP's chart shows that it pulled back to its 10 week moving average after clearing the cup with handle pattern. Thursday's action gave us a spinning top candlestick, Friday's gave us a bullish inverted hammer confirming the downward trend has halted nicely on its 10 day moving average line, what we want to see. Remember, a pull back after a cup with handle shakes out all the scared hands. Also, pulling back to the 10 week line offers investors a second chance to buy shares before a major run up begins. I know you guys already know all of that but just thought it was worth repeating. Another note is that when the price dropped, it dropped out of its lower channel on the daily chart. Since we have several bullish signals on the daily all at once, the price should be working its way back into the channel. As for the weekly, of course I would love to see an engulfing bull here by the end of the week. Maybe the presidents state of the union address will help us out here!!
Cloud-computing plays took a similar hit in October when Equinix Inc. (EQIX)--a telecommunications company that offers hosting services for networks and Internet connectivity--trimmed its third-quarter and full-year revenue targets.
If you look at the charts for EBIX and NTAP on the day EBIX made it's announcement (October 6th 2010) you will see that NTAP was also effected by paniced investors as the days price plumeted settling at $47.70 close, and then resumed its climb toward the recent high of $59.79. Although it is amazing to me how investors could panic on NTAP by F5's earnings report is beyond me, but NTAP is projected to see solid growth through 2011. I suspect the ride will not peak until mid summer.
Companies exposed to cloud computing slumped along with F5 on Thursday, though some analysts cautioned against lumping the companies together.
"It's easy to yell 'fire' in a crowded theater today but, if you look at strong fundamental stories, there are a lot of them out there," FBR Capital Markets analyst Daniel Ives said. "Investors jump to a lot of conclusions, but ultimately, every company is different...We continue to see strength from the field."
The latest projections seem to support the optimism surrounding spending on cloud computing. Data tracker In-Stat LLC said Thursday that U.S. spending on cloud computing and managed hosting should surpass $13 billion in 2014, up from less than $3 billion in 2010.
Spending across all sectors and business sizes is projected to rise, but growth in some segments will be "staggering," In-Stat said. "The professional services and health-care verticals will see the largest growth in spending on cloud-computing services, growing over 124% between 2010 and 2014," it said.
Nonetheless, other cloud-computing stocks felt F5's pain Thursday.
Source: http://online.wsj.com/article/BT-CO-20110120-711603.html
Wow crazy day with this chart. Hope tomorrow sees a better day for VMW!!!
Yeah, looks like it will bounce back up!!
Watching SMTC forming its current base. I promise not to purchase before it's ripe!! Yeah right, how many times have I said that, always thinking I can make that extra couple of bucks if I just get in early. ...always bites me good and hard!!
I think this current day pull back was a little over exagerated but I'm seeing that this is a necessary pull back after a successful cup with handle pattern, FFIV's misstep just helped us out a little. This pull back is a useful second buying opportunity before the major run up begins. If you go to Investors.com and look at the NTAP stock analysis, you will see that the estimated earnings growth for 2011 is 35%. I would hold cautiously but I like your tip, watch RVBD's earnings report. If possitive, then we know FFIV's misstep was there own fault. If it is negative, then we can see a broader picture that maybe cloud industry momentum may be in danger.
I see your an IBD follower too by your stock picks, good show!
Nice, shaking out all the scared hands clearing the runway for $60.00 a share. Well we were over bought and the price chart had to correct itself. Keep the faith guys!!!
The Lithium Chase By CLIFFORD KRAUSS
For many years, few metals drew bigger yawns from mining executives than lithium, a lightweight element long associated mostly with mood-stabilizing drugs.
Suddenly, the yawns are being replaced by eurekas. As awareness spreads that lithium is a crucial ingredient for hybrid and electric cars, a global hunt is under way for new supplies of the metal.
Toyota Tsusho, the material supplier for the big Japanese automaker, announced a joint venture in January with the Australian miner Orocobre to develop a $100 million lithium project in Argentina. That deal came only days after Magna International, the Canadian car parts company that is helping develop a battery-powered version of the Ford Focus, announced that it was investing $10 million in a small Canadian lithium firm that also has projects in Argentina.
They were the latest in a series of deals and projects announced over the last year, reflecting a new urgency among companies to assure themselves future supplies of the metal.
“There is a sea change under way,” James D. Calaway, the chairman of Orocobre, said. “We are at the front end potentially of a very significant increase in the demand for lithium for the emerging electric transportation sector.”
Mr. Calaway added, however, that the timing of any increase in lithium supply and demand was difficult to predict in large part because electric cars had yet to take off in any big way.
About 60 mining companies have begun feasibility studies in Argentina, Serbia and Nevada that could lead to more than $1 billion in new lithium projects in the next several years, while dozens of smaller projects are being proposed in China, Finland, Mexico and Canada.
The companies are competing for construction financing, and the future of most of the projects will depend on how popular electric cars eventually become. That is an open question since batteries remain expensive, recharging stations need to be developed, and consumer taste for cars that depend on regular stops at electric outlets remains untested.
“It’s moving so fast,” said Edward R. Anderson, president of TRU Group, a consultancy firm that specializes in the lithium industry. “There are a lot of people throwing money into this, and a lot of people are going to lose their money.”
In the meantime the four biggest current producers, which mine and otherwise gather lithium in Chile, Argentina and Australia, say they are planning to expand long-running projects as future demand warrants.
In Bolivia, which has almost half of the world’s reserves, the leftist government is building a pilot production plant and is drilling exploratory holes. That Bolivia is a remote, unstable country often hostile to foreign investment has helped spur interest in producing lithium in neighboring Argentina and Chile, in Australia, and in the United States. Several Canadian and American companies are making claims about future production prospects in Nevada, though few analysts foresee large-scale production from that state.
While most experts are skeptical that meaningful amounts of lithium can be produced domestically, they maintain that adequate supplies will be available from sources outside of Bolivia for many years to come and note that the biggest producer, Chile, is a dependable American ally.
Most of the lithium market serves a variety of industrial applications. About a quarter of all lithium produced is used for energy storage, in everything from cellphones to laptop computers to digital cameras.
That proportion stands to increase sharply if battery-powered cars take off. Lithium-ion batteries are the favored battery type for electric and hybrid vehicles because they carry more energy with less weight than other materials and because they lose their charge more slowly. They store about three times as much as energy per pound as a nickel-metal hydride battery.
Lithium is found in trace amounts in many places, but it is being produced commercially mainly by two methods. One is through mining and processing, a relatively expensive method that produces the metal mostly for glass, ceramics and the manufacturing of television tubes.
The more economical and significant method is through evaporation of lithium-containing brines, mostly in salt flats in the highland areas in South America and western China. Lithium reservoirs have been formed over millions of years in highland bowls, after rivers and hot springs washed over lithium-laden rocks and leached the mineral from them. Producers drill wells into the salt flats and pump the brine into evaporation ponds. With the removal of water, the lithium content in the brine increases to a level where it can be collected and shipped to a chemical plant for processing.
The industry leader in this method of production is Sociedad Química y Minera, a Chilean fertilizer company in which the Potash Corporation, a Canadian fertilizer giant, holds a major stake. The other important producers in Latin America include FMC Corporation and Chemetall, a subsidiary of Rockwood Holdings, which also operates a small brine reserve in Nevada.
Recycling of lithium from used batteries could become an important source, in which case “the demand for virgin material would be reduced,” said R. Keith Evans, a geologist who serves as a consultant to lithium producers. Up to 50 percent of the lithium in used batteries may be recycled in the future.
But Mr. Evans added, “The big question is the timing of demand. Are you going to build a plant before a market has developed?”
By the standards of traditional gold and copper booms, the increase in interest in lithium is still muted among big mining companies. Supplies of lithium are plentiful for now, and the price of lithium chemicals actually declined at the end of last year because of the economic slowdown. The price for lithium carbonate, the basic lithium compound used in batteries, had been around $5,000 a ton for the last five years or so, and has leveled at about $4,000 since October.
But with several major auto companies promising to market electric cars around the world over the next few years, demand may be poised to increase. Nissan will introduce the Leaf, a five-passenger electric car, and General Motors will be introduce the Chevrolet Volt, a plug-in hybrid, within the next year.
“We believe that demand is slated to rise dramatically,” according to a recent report by the investment adviser Byron Capital Markets, predicting a 40 percent increase in demand for lithium from 2009 to 2014. Credit Suisse, in a recent report, predicted a 10.3 percent annual growth in demand for lithium between 2009 and 2020.
“You could probably go further out than that and see similar growth rates,” John P. McNulty, a co-author of the Credit Suisse report, said. “It’s going to be a big industry.”
This article has been revised to reflect the following correction:
Correction: March 12, 2010
An article on Wednesday about increasing demand for lithium, an element that is crucial for the lithium-ion batteries favored for hybrid and electric cars, referred incorrectly to another battery used in such vehicles. That battery is known as nickel-metal hydride, not hybrid.
http://trugroup.com/Lithium-Battery.html This is a cool page about lithium, who ever would have thought this stuff would be so exciting!!!!
TUCSON, Ariz., Jan. 18, 2011 /PRNewswire/ -- Lithium consultants TRU Group Inc says that its updated lithium supply-demand forecast 2020 slideshow has been uploaded to its website trugroup.com. The outlook is shocking. The seemingly unstoppable supply growth will cause such huge overcapacity that the stability of the industry will be threatened. Pipeline projects and expansions could increase capacity by about 40,000 tpy Li-contained in the next decade - double what the industry needs. Existing lithium chemical producers have the in-ground resources and ability to meet nearly all market requirements by expanding capacity.
On the lithium chemicals demand side there has been some recovery in 2010 from recent dramatic declines. Demand and prices will continue weak this year. TRU president Edward R Anderson will tell the IM Toronto 3rd Lithium Supply & Markets conference: "Lithium carbonate prices fell precipitately to $4500 per t in 2010 and will remain depressed. Long term there is no market-driven upward-price pressure so prices will remain stable and likely below $5000 per t." Lower prices and fierce competition through 2020 is bad news for the lithium new project promoters who will find it impossible to compete against the distinctive natural cost advantage of brine-based producers Chemetall-SCL, FMC and SQM. "Only a select few new projects could make it into profitable production and then only as marginal suppliers. Bottom line is if you do have a good resource make sure you also have the strongest possible lithium technical capability to develop it."
TRU's veteran lithium geologist Dr Ihor I. Kunasz is also presenting. He will explain the technical reasons as to why existing producers have a natural advantage. Ihor Kunasz says: "It's simple, the existing players have three times the lithium concentration and also reserves that dwarf any of the new players. In addition SQM, by far the world's largest lithium supplier, has for many years re-injected excess lithium produced into the Salar de Atacama, adding to the lithium resource of the salar." Kunasz is well known as the geologist who developed the original reserve model at Atacama from whence sixty per cent of the world's lithium is currently produced.
TRU Group Inc are technical engineering consultants with a strong capability in lithium project development. The firm is a world leader in lithium resource evaluation, salar exploitation, brine & mineral lithium extraction processing technologies. TRU has evaluated and modeled most of the known existing lithium properties and advised a number of players on a wide variety of lithium resource, engineering, process, business and investment issues.
Link to the presentation - http://trugroup.com/Lithium-Market-Conference.html\
Link to PDF version - http://trugroup.com/whitepapers/TRU-Lithium-Outlook-2020.pdf
This press release was issued through 24-7PressRelease.com. For further information, visit http://www.24-7pressrelease.com.
Contact:
Edward R. Anderson
B.Sc.(Hons)., Dpl.(Marketing Research)., MBA., FCIArb
President& CEO
TRU Group Inc - Activating Your StrategicMindset
Website http://trugroup.com/
mailto:anderson@trugroup.com
Tucson 520-575-0674
Toronto 416-935-1754
Cell 1-520-229-783
A major impulse to the growing lithium market is the increasing demand for electric or hybrid cars. Currently the race of automotive producers to produce hybrid cars and electric cars has heated up as almost every large automaker plans to release their models in 2010 or 2011. At the heart of these hybrid cars and even more in full electric cars is the lithium- ion battery pack. When production of these types of (partly) electrical vehicles will rise in the demand for lithium will see exponential growth rates. The start of this lithium demand surge is expected to occur during 2011. Estimates growth rates further in the future vary from twenty to fifty fold lithium market growth by 2020. These growth rates for lithium demand will be pushed almost entirely by the demand for lithium based batteries in cars or other applications. Question remains: can the producers of lithium keep up?
Source: Lithiumindustry.com
Went to Reno/Sparks convention center last Saturday to the auto show. All major car manufacturers were there. I went to see an electric vehicle, but I didn't see one. However, they had all their old crappy gas chugaluging cars and trucks. The 2011 Toyota Tundra I looked at got 13 city, 17 highway. This was consistant for several different makes. I was totally turned off by it and I am looking for the day they make and electric truck! I just can't stomach paying so much for gas anymore. My last fillerup was $88 bucks. Forcasters predict $4.00 gas this year, and $5.00 gas in 2012! Yuuuuuuuuk!!!!
Lithium Demand, Pricing, and Supply Forecast Considered as Li-ion in Automotive Use to Surge
March 29, 2009
Current Lithium Production and Use - Well over 95,000 tonnes of lithium carbonate equivalent was produced in 2008, more than double the amount from a decade earlier. The USGS estimates the current global end-use markets for lithium as follows: batteries, 25%; ceramics and glass, 18%; lubricating greases, 12%; pharmaceuticals and polymers, 7%; air conditioning, 6%; primary aluminum production, 4%; continuous casting, 3%; chemical processing 3%; and other uses, 22%. Lithium use in batteries expanded significantly in recent years because rechargeable lithium batteries were being used increasingly in portable electronic devices and electrical tools.