"The chief economist from the Federal Government's Department of Industry, Innovation and Science, Mark Cully, said lithium looks to have a bright future.
"It's a key source for batteries for iPads and mobile phones," he said.
Mr Cully has warned, however, that future demand for the commodity is still not fully understood.
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WTF ??? Considering this muppet's title and position how can he not be aware of what is driving demand…
GXY Price at posting:
55.0¢ Sentiment: Hold Disclosure: Held