Report: Lithium batteries probed in Malaysian Air disappearance

|By:, SA News Editor

CNN is reporting that lithium batteries stored in the cargo hold are being investigated as a potential cause for the disappearance of Malaysian Air MH370.

The Global X Lithium ETF (LIT) is at a session low following the development, down 0.5%.

There is also a chance of some volatility with Tesla Motors (TSLA -3.2%) as algorithmic trading picks up on the headline. TSLA was already lower on the day before the lithium link was reported on.