Nova Mining Corp. (OTCBB: NVMN): According to an interview named “Lithium Demand Will Spike” by The Energy Report, Daniela Desormeaux, an expert in industrial chemicals and natural resources, named several factors that have led her to conclude that lithium demand will tighten even more. In light of the fact that Bloomberg Businessweek, also quoted by Ms. Desormeaux, recently reported that lithium prices have tripled, this new expert information may be a signal that the market for lithium could quickly be headed for a “bubble effect”.
Electric car manufacturing was named by Desormeaux as a factor causing a new spike in lithium demand.(Graphic: Business Wire)
Nova Mining Corp. President James Dilger arrived in China today for the purpose of negotiating lithium pricing with multiple lithium-ion battery manufacturers there. Dilger explained on Tuesday that his focus in China will be to see who will come up with the best offer and that he has a responsibility to Nova’s shareholders to get the best deal possible.
According to Dilger’s earlier statements, “It may be important to note that I did not call on anyone, but was invited to see manufacturers there right after the news began breaking about the critical shortage in lithium supplies,” said Dilger. “Phenomenal Apple (NASDAQ: AAPL) iPad sales, exploding smartphone manufacturing and multiple tablet brand manufacturing are openly credited with sparking this lithium shortage…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.”
More on the lithium shortage can be seen at www.nova-mining.com/lithium-demand.php.
The full Desormeaux interview can be seen at http://jutiagroup.com/20120628-lithium-demand-will-spike-daniela-desormeaux/.
Nova Mining Corp. (NVMN) seeks out the most potentially lucrative mining projects and supplies of strategic high-demand minerals, such as lithium, as part of its aggressive economic business model. Lithium is the main ingredient in long life batteries, like those used in many of Apple’s popular electronic devices, Microsoft’s new Surface tablet and Tesla Motor’s new electric cars.
The Nova Mining Corp website can be seen at: http://www.nova-mining.com.
About Nova Mining Corp. (OTCBB: NVMN)
Nova Mining Corporation is a Nevada corporation listed on the OTCBB under the trading symbol NVMN. The Company is a growth-focused entity that seeks to acquire an international portfolio of strategic high-demand mineral mining assets. Nova Mining competes in an industry sector that includes FMC Corp.
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Contacts:
James Dilger, 210-581-7753
