MarketWatch / BusinessWire: NVMN – U.S. Government Recognizes Threat from Critical Lithium Supply Shortage

Nova Mining Corp.: News author Tina Casey reported earlier this week that the U.S. Government, through U.S. Department of Energy funding, has recognized the problems that the current lithium supply shortage has had on the U.S. lithium-ion battery market, which has been plagued by concerns over prices and supply. According to the report, “Bloomberg News has noted that the lithium supply issue has been heating up, with skyrocketing demand for iPads and other mobile devices leading to a recent tripling of prices. If that trend continues into the foreseeable future, it could put a real kink in the President’s efforts to revive domestic manufacturing across the spectrum of battery-operated products, especially when it comes to electric vehicles like the Chevy Volt…Even if the global supply of lithium was more expansive, the lack of a sufficient domestic supply exposes the U.S. to the same geopolitical issues that have bedeviled the petroleum markets for generations.” To read the full article, click hereNVMN – U.S. Government Recognizes Threat from Critical Lithium Supply Shortage

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