thorng2002

Jim Kingsdale: Selling SQM and Bullish on Dryships

Demands of lithium has confirmed by GM and Mitsubishi. SQM is a great stock to own now. The PE is about same as POT after Thursday's pull back. I would see up trend is strong.

Both Mitsubishi and GM will use lithium-ion batteries beause it is lighter and can store more energy than nickel-matal batteries.

Tests of the lithium-ion batteries to run the Volt have been ``very satisfactory'' and ``very encouraging,'' GM Vice Chairman Robert Lutz said in an interview today in Seattle.

Jim Kingsdale: Selling SQM and Bullish on Dryships

I think SQM is a great buy after Thursday pullback. Now it's a good entrance point. The demand of lithium has confirmed by Mitsubishi.

Mitsubishi will equip its all-electric cars with lithium-ion batteries, currently being developed by a venture with battery- maker GS Yuasa Corp. and Mitsubishi Corp. Lithium-ion batteries are lighter and can store more energy than nickel-metal batteries now used in most hybrids.

www.bloomberg.com/apps...