Bidding War in China for Lithium Could Be Huge Boost for Nova Mining Corp
Nova Mining Corp. (OTCBB:NVMN) President James Dilger leaves for China
tomorrow for the purpose of negotiating lithium pricing with multiple
lithium-ion battery manufacturers there.
Chinese electronics manufacturers may start a bidding war for critically short supplies of lithium to protect their industry. (Photo: Business Wire)
“It may be important to note that I did not call on anyone, but was
invited to see manufacturers there right after the news began breaking
about the critical shortage in lithium supplies,” stated Dilger.
“Phenomenal Apple (NASDAQ: AAPL) iPad sales, exploding smartphone
manufacturing and multiple tablet brand manufacturing are openly
credited with sparking this lithium shortage and prices have already
tripled. It is no secret that Chinese manufacturers would want to do
everything in their power to support those manufacturing efforts by not
running out of the main ingredient for long-life batteries for their
electronics production industry.”
“According to Bloomberg Businessweek, even large investment banks and
hedge funds are quickly moving to profit from the new lithium demand and
market conditions,” Dilger continued. “I intend to see who will come up
with the best offer, but I am not out to play games. I have a
responsibility to Nova’s shareholders to get the best deal possible. I
know that a bird in the hand is worth two in the bush – but in this
current market, a few lithium mines may be worth numerous gold mines.”
Nova Mining Corp. (NVMN) seeks out the most potentially lucrative mining
projects and supplies of strategic high-demand minerals, such as
lithium, as part of its aggressive economic business model. Lithium is
the main ingredient in long life batteries, like those used in many of
Apple’s popular electronic devices, Microsoft’s new Surface tablet and
Tesla Motor’s new electric cars.
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.
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