Orocobre Decides To Buy Galaxy ResourcesOrocobre ltd decided to buy Galaxy resources ltd which would create a $3 billion lithium miner. This is bullish sentiment for Lithium which seems to make the headlines more often now with Green initiative news.
"Lithium prices are expected to rise sharply in the coming years because of ballooning demand for electric vehicles. Lithium is the commodity most expected to benefit from an electric-vehicle boom because widely used lithium-ion batteries contain around 7% to 10% lithium regardless of the overall battery chemistry, Macquarie said."
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