sage/Didedo/granitetim and all16 Apr 2009 22:44
Thanks for your works and research guys, it never goes unnoticed and is always appreciated.
Didedo, I should deviate from these pages in to the general section more often, I must update the prediction league soon but am waiting for confirmation from admin regarding where we'll take it next and losing heart that some players have lost enthusiasm and not changed selections for a few months.
I don't think there's any doubt of the importance of Lithium to the future of the car industry now. However, it must be considered that the world doesn't have enough of the stuff and oil will still play a huge role for at least 20 years.
Regards SQM. They were the reason I got a US account, I'm very very excited about their prospects. The Bolivians have 5m tonnes plus of Lithium but are (quite rightly) playing hard ball and want their nation to benefit most from it. The leader (Moreles?) feels that Bolivia will be as rich as the Arab states in the future, you've got to applaud his enthusiasm too. In the meantime Chile are happy to sell their Lithium and although they have smaller volumes of Lithium, they still have around 30% of the worlds reserves.
http://www.marketwatch.com/quotes/sqm
Current SP and news feed. I'm in since $28 but it did fall to $25 and I'm sure there will be an opportunity to get in sub $25 again in the near future.
More info here
http://finance.aol.com/quotes/sociedad-quimica-y-minera-de-chile-s-a-chile/sqm/nys