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The calm before the storm!
BULL STAMPEDE coming through
$AMEL SUPER NEWS
Nevada’s lithium likely played in Tesla’s factory decision
Published: Sept 4, 2014 4:35 p.m. ET
SAN FRANCISCO (MarketWatch)—Nevada is home to the only operating lithium mine in the U.S., which likely played a part, however small, in Tesla Motors Inc.’s apparent decision to locate its much-talked-about battery factory in the state.
The U.S. still imports most of its lithium, with Australia, Bolivia, and Chile among the top exporters of the mineral. But one Nevada mine has been churning out the stuff since the 1960s, and other lithium deposits in the state could come in line depending on demand.
Lithium is the not-so-secret sauce in the countless rechargeable batteries used in a variety of products, including the battery packs that power Teslas.
It emerged Wednesday that Tesla, the electric car maker, chose Nevada as the site of its $5 billion factory, with state officials expected to announce the deal in a news conference later Thursday. Tesla TSLA, +1.72% was mum except to say its executives will be at the announcement.
Tesla is likely to be “a very large consumer” of lithium, and will likely need to find new sources of the metal, said Carl Nesbitt, an associate professor of metallurgy at the University of Nevada, Reno. From a purely technical standpoint, it would make sense for Tesla to be near a lithium source such as the mine in Silver Lake, Nev. he added. The mine is about 250 miles southeast of Reno, near Tonopah, Nev.
Most lithium is refined in China, which ships the resulting lithium carbonate to all the corners of the world.
Tesla will likely stick with China as its main source of refined lithium, at least for the time being. After a considerable investment and depending on volume, some of the lithium could be processed in the U.S., Nesbitt said.
Lithium ‘plentiful’ in the world
Lithium costs about $6,500 per metric ton, or $2.95 a pound, said Brian Jaskula, a commodity specialist with the U.S. Geological Survey. Prices have been stable after a dip in 2009, when lithium and all commodities suffered the effects of the Great Recession.
There’s no public market for lithium, and transactions are hammered between private sellers and buyers. Prices can vary quite a bit depending on the length of contracts and location to be shipped, Jaskula added.
The world is unlikely to run out of lithium, Jaskula said. “It’s quite plentiful. (miners and refiners) right now have a lot of extra capacity they are not using.”
New sources are coming in line in Canada and Argentina, to name a few, in anticipation of higher demand with electric car batteries. “Current demand can easily be met,” he added.
http://www.marketwatch.com/story/nevadas-lithium-likely-played-in-teslas-factory-decision-2014-09-04?siteid=yhoof2
$AMEL NEWS
Nevada’s lithium likely played in Tesla’s factory decision
Published: Sept 4, 2014 4:35 p.m. ET
SAN FRANCISCO (MarketWatch)—Nevada is home to the only operating lithium mine in the U.S., which likely played a part, however small, in Tesla Motors Inc.’s apparent decision to locate its much-talked-about battery factory in the state.
The U.S. still imports most of its lithium, with Australia, Bolivia, and Chile among the top exporters of the mineral. But one Nevada mine has been churning out the stuff since the 1960s, and other lithium deposits in the state could come in line depending on demand.
Lithium is the not-so-secret sauce in the countless rechargeable batteries used in a variety of products, including the battery packs that power Teslas.
It emerged Wednesday that Tesla, the electric car maker, chose Nevada as the site of its $5 billion factory, with state officials expected to announce the deal in a news conference later Thursday. Tesla TSLA, +1.72% was mum except to say its executives will be at the announcement.
Tesla is likely to be “a very large consumer” of lithium, and will likely need to find new sources of the metal, said Carl Nesbitt, an associate professor of metallurgy at the University of Nevada, Reno. From a purely technical standpoint, it would make sense for Tesla to be near a lithium source such as the mine in Silver Lake, Nev. he added. The mine is about 250 miles southeast of Reno, near Tonopah, Nev.
Most lithium is refined in China, which ships the resulting lithium carbonate to all the corners of the world.
Tesla will likely stick with China as its main source of refined lithium, at least for the time being. After a considerable investment and depending on volume, some of the lithium could be processed in the U.S., Nesbitt said.
Lithium ‘plentiful’ in the world
Lithium costs about $6,500 per metric ton, or $2.95 a pound, said Brian Jaskula, a commodity specialist with the U.S. Geological Survey. Prices have been stable after a dip in 2009, when lithium and all commodities suffered the effects of the Great Recession.
There’s no public market for lithium, and transactions are hammered between private sellers and buyers. Prices can vary quite a bit depending on the length of contracts and location to be shipped, Jaskula added.
The world is unlikely to run out of lithium, Jaskula said. “It’s quite plentiful. (miners and refiners) right now have a lot of extra capacity they are not using.”
New sources are coming in line in Canada and Argentina, to name a few, in anticipation of higher demand with electric car batteries. “Current demand can easily be met,” he added.
http://www.marketwatch.com/story/nevadas-lithium-likely-played-in-teslas-factory-decision-2014-09-04?siteid=yhoof2
Looking for another +80% run today!! Can't wait for the bell!
News bodes well for AMEL today
Nevada’s lithium likely played in Tesla’s factory decision
Published: Sept 4, 2014 4:35 p.m. ET
SAN FRANCISCO (MarketWatch)—Nevada is home to the only operating lithium mine in the U.S., which likely played a part, however small, in Tesla Motors Inc.’s apparent decision to locate its much-talked-about battery factory in the state.
The U.S. still imports most of its lithium, with Australia, Bolivia, and Chile among the top exporters of the mineral. But one Nevada mine has been churning out the stuff since the 1960s, and other lithium deposits in the state could come in line depending on demand.
Lithium is the not-so-secret sauce in the countless rechargeable batteries used in a variety of products, including the battery packs that power Teslas.
It emerged Wednesday that Tesla, the electric car maker, chose Nevada as the site of its $5 billion factory, with state officials expected to announce the deal in a news conference later Thursday. Tesla TSLA, +1.72% was mum except to say its executives will be at the announcement.
Tesla is likely to be “a very large consumer” of lithium, and will likely need to find new sources of the metal, said Carl Nesbitt, an associate professor of metallurgy at the University of Nevada, Reno. From a purely technical standpoint, it would make sense for Tesla to be near a lithium source such as the mine in Silver Lake, Nev. he added. The mine is about 250 miles southeast of Reno, near Tonopah, Nev.
Most lithium is refined in China, which ships the resulting lithium carbonate to all the corners of the world.
Tesla will likely stick with China as its main source of refined lithium, at least for the time being. After a considerable investment and depending on volume, some of the lithium could be processed in the U.S., Nesbitt said.
Lithium ‘plentiful’ in the world
Lithium costs about $6,500 per metric ton, or $2.95 a pound, said Brian Jaskula, a commodity specialist with the U.S. Geological Survey. Prices have been stable after a dip in 2009, when lithium and all commodities suffered the effects of the Great Recession.
There’s no public market for lithium, and transactions are hammered between private sellers and buyers. Prices can vary quite a bit depending on the length of contracts and location to be shipped, Jaskula added.
The world is unlikely to run out of lithium, Jaskula said. “It’s quite plentiful. (miners and refiners) right now have a lot of extra capacity they are not using.”
New sources are coming in line in Canada and Argentina, to name a few, in anticipation of higher demand with electric car batteries. “Current demand can easily be met,” he added.
http://www.marketwatch.com/story/nevadas-lithium-likely-played-in-teslas-factory-decision-2014-09-04?siteid=yhoof2
Nevada’s lithium likely played in Tesla’s factory decision
Published: Sept 4, 2014 4:35 p.m. ET
SAN FRANCISCO (MarketWatch)—Nevada is home to the only operating lithium mine in the U.S., which likely played a part, however small, in Tesla Motors Inc.’s apparent decision to locate its much-talked-about battery factory in the state.
The U.S. still imports most of its lithium, with Australia, Bolivia, and Chile among the top exporters of the mineral. But one Nevada mine has been churning out the stuff since the 1960s, and other lithium deposits in the state could come in line depending on demand.
Lithium is the not-so-secret sauce in the countless rechargeable batteries used in a variety of products, including the battery packs that power Teslas.
It emerged Wednesday that Tesla, the electric car maker, chose Nevada as the site of its $5 billion factory, with state officials expected to announce the deal in a news conference later Thursday. Tesla TSLA, +1.72% was mum except to say its executives will be at the announcement.
Tesla is likely to be “a very large consumer” of lithium, and will likely need to find new sources of the metal, said Carl Nesbitt, an associate professor of metallurgy at the University of Nevada, Reno. From a purely technical standpoint, it would make sense for Tesla to be near a lithium source such as the mine in Silver Lake, Nev. he added. The mine is about 250 miles southeast of Reno, near Tonopah, Nev.
Most lithium is refined in China, which ships the resulting lithium carbonate to all the corners of the world.
Tesla will likely stick with China as its main source of refined lithium, at least for the time being. After a considerable investment and depending on volume, some of the lithium could be processed in the U.S., Nesbitt said.
Lithium ‘plentiful’ in the world
Lithium costs about $6,500 per metric ton, or $2.95 a pound, said Brian Jaskula, a commodity specialist with the U.S. Geological Survey. Prices have been stable after a dip in 2009, when lithium and all commodities suffered the effects of the Great Recession.
There’s no public market for lithium, and transactions are hammered between private sellers and buyers. Prices can vary quite a bit depending on the length of contracts and location to be shipped, Jaskula added.
The world is unlikely to run out of lithium, Jaskula said. “It’s quite plentiful. (miners and refiners) right now have a lot of extra capacity they are not using.”
New sources are coming in line in Canada and Argentina, to name a few, in anticipation of higher demand with electric car batteries. “Current demand can easily be met,” he added.
http://www.marketwatch.com/story/nevadas-lithium-likely-played-in-teslas-factory-decision-2014-09-04?siteid=yhoof2
NEWS Nevada’s lithium likely played in Tesla’s factory decision
Published: Sept 4, 2014 4:35 p.m. ET
SAN FRANCISCO (MarketWatch)—Nevada is home to the only operating lithium mine in the U.S., which likely played a part, however small, in Tesla Motors Inc.’s apparent decision to locate its much-talked-about battery factory in the state.
The U.S. still imports most of its lithium, with Australia, Bolivia, and Chile among the top exporters of the mineral. But one Nevada mine has been churning out the stuff since the 1960s, and other lithium deposits in the state could come in line depending on demand.
Lithium is the not-so-secret sauce in the countless rechargeable batteries used in a variety of products, including the battery packs that power Teslas.
It emerged Wednesday that Tesla, the electric car maker, chose Nevada as the site of its $5 billion factory, with state officials expected to announce the deal in a news conference later Thursday. Tesla TSLA, +1.72% was mum except to say its executives will be at the announcement.
Tesla is likely to be “a very large consumer” of lithium, and will likely need to find new sources of the metal, said Carl Nesbitt, an associate professor of metallurgy at the University of Nevada, Reno. From a purely technical standpoint, it would make sense for Tesla to be near a lithium source such as the mine in Silver Lake, Nev. he added. The mine is about 250 miles southeast of Reno, near Tonopah, Nev.
Most lithium is refined in China, which ships the resulting lithium carbonate to all the corners of the world.
Tesla will likely stick with China as its main source of refined lithium, at least for the time being. After a considerable investment and depending on volume, some of the lithium could be processed in the U.S., Nesbitt said.
Lithium ‘plentiful’ in the world
Lithium costs about $6,500 per metric ton, or $2.95 a pound, said Brian Jaskula, a commodity specialist with the U.S. Geological Survey. Prices have been stable after a dip in 2009, when lithium and all commodities suffered the effects of the Great Recession.
There’s no public market for lithium, and transactions are hammered between private sellers and buyers. Prices can vary quite a bit depending on the length of contracts and location to be shipped, Jaskula added.
The world is unlikely to run out of lithium, Jaskula said. “It’s quite plentiful. (miners and refiners) right now have a lot of extra capacity they are not using.”
New sources are coming in line in Canada and Argentina, to name a few, in anticipation of higher demand with electric car batteries. “Current demand can easily be met,” he added.
http://www.marketwatch.com/story/nevadas-lithium-likely-played-in-teslas-factory-decision-2014-09-04?siteid=yhoof2
CCOM n.j. based hurricane play
CCOM Group is in the building materials business and are headquartered in northern jersey away from the shorelines.
website http://www.colonialcomm.com/
"CCOM distributes hvac, climate control systems, plumbing, and electrical supplies and equipment in the states of New York, New Jersey, Massachusetts, Connecticut and eastern Pennsylvania"
hurricane play based in new jersey. should get some action
CCOM penny hurricane play based in new jersey