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Tuesday, August 09, 2011 3:00:14 PM
Alternately, I do think the lithium industry's "biggest" demand for the metal, has to be for battery use, by sheer "weight" of the mined metal. I haven't read up on the other uses of it, say in other electronic components, or medicine, etc.......But I'm guessing its biggest use right now, must be for batteries, small and large........I'm not sure where the "electric car" industry stands, on battery types used. I thought it was still lead-acid type batteries, but I may be wrong. I do know that pound for pound, lithium batteries produce much higher current than "other" types.
So, the "demand" for lithium could change quickly, making this stock soar........I just would like to know that the company is making some sort of profits, rather than just eternally purchasing land, and stockpiling it "forever".........JMO.
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