Smart Money Flowing into Lithium Market
NetworkNewsWire Editorial Coverage: Venture capitalists have been placing enormous bets on lithium-ion (Li-ion) batteries. These high-tech batteries now power everything from smart phones and power tools to electric vehicles. Demand for lithium is certain to surge as vehicles become greener, new devices flourish and electricity becomes cleaner. In a testament to the immense opportunity created by the batteries’ versatility, venture capital firms have already pumped a record $1 billion-plus into battery technology this year, more than double all of last year’s total (http://nnw.fm/3TuqE). Surging demand and inadequate market supply have intensified the hunt for new sources of this critical mineral…
