Western Lithium Stands to Profit from Electric Car Stimulus - trackseekingalpha

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Western Lithium Stands to Profit from Electric Car Stimulus
Aug 16, 2009 07:55 AM UTC

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Via Long Investment Ideas from Seeking Alpha:

The lithium market is buzzing as GM, Nissan (NSANY) and other car manufacturers get set to roll out a new series of electric cars that will greatly increase demand for the obscure silver-white alkai metal. GM has announced plans to construct a $43 million plant in Michigan to build lithium-ion batteries for its Chevrolet Volt electric-powered car, which captured headlines with its claim of 230 miles per gallon.

Adding to the lithium mania is Washington’s support in the form of $2 Billion in stimulus funding:

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