interesting post on lithium, page-5

Lithium prices:

June: http://www.galaxyresources.com.au/documents/07062011MediaClipsLithiumPriceBoost.pdf
"
In a statement today, Galaxy said one of the largest global manufacturers and suppliers of lithiumbased compounds, Chemetall Lithium, had announced a 20 per cent price increase for its lithium products, effective from the start of next month.The increase returns the price of lithium carbonate and lithium hydroxide prices to 2008 levels.

“Our own modelling forecasted lithium prices to return to pre-GFC levels in the next 12 months due to the significant rise in demand,” Galaxy managing director Iggy Tan said.
“We now see this occurring sooner than expected, and we welcome the demand growth and corresponding signals of price increases in the global lithium market.”


30th August: http://www.indmin.com/Article/2891724/Galaxy-confident-on-further-lithium-price-hikes.html


Thought:

After all there will be considerable value added by converting the lithium into e-bike batteries, as underlined by the following statement from the CEO:

"Mr Tan has said that lithium concentrate was worth $1 per unit but worth $3 per unit once converted to lithium carbonate and $500 a unit as a battery."

Lots of interesting articles on the GXY website:
e.g. http://www.galaxyresources.com.au/documents/260911-MediaClipsDowJonesInterview-Galaxy.pdf


Have fun researching. Remember plant due to be finalised this week or next. Should finally break back above $1 once and for all

Good luck all.