Nova Mining, a mineral mining assets company with an acquisition-based growth strategy, today issued a press release regarding company President James Dilger's visit to China, where he is meeting with battery manufacturers to negotiate lithium pricing.
Dilger reports that since his arrival Friday, he has received several invites from battery companies in China.
"They are very aggressive," Dilger stated in the press release. "Lithium supply has certainly become a very hot issue here in China - especially in Shenzhen."
Dilger previously commented on the high demand for lithium products for the electronics production industry.
"Phenomenal Apple (NASDAQ:AAPL) iPad sales, exploding smartphone manufacturing and multiple tablet brand manufacturing are openly credited with sparking this lithium shortage and prices have already tripled. It is no secret that Chinese manufacturers would want to do everything in their power to support those manufacturing efforts by not running out of the main ingredient for long-life batteries for their electronics production industry. According to Bloomberg Businessweek, even large investment banks and hedge funds are quickly moving to profit from the new lithium demand and market conditions," he stated.
Dilger's first appointment Friday was with BK Rechargeable Battery Company, a leading manufacturer of numerous lithium-ion battery components.
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