Nova Mining Corp. (OTCBB:NVMN) President James Dilger stated Friday, “It is amazing how these battery manufacturers found where I was staying, but since checking into my hotel, I have received additional invites from battery companies here in China. They are very aggressive. Lithium supply has certainly become a very hot issue here in China - especially in Shenzhen.”
The Chinese electronics industry doesn't want to get caught short on critical lithium - the main ingredient in long life batteries. (Photo: Business Wire)
Mr. Dilger arrived in China last Friday for the purpose of negotiating lithium pricing with a scheduled list of battery manufacturers. According to Mr. Dilger’s earlier statements, “Phenomenal Apple (NASDAQ:AAPL) iPad sales, exploding smartphone manufacturing and multiple tablet brand manufacturing are openly credited with sparking this lithium shortage and prices have already tripled. 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. According to Bloomberg Businessweek, even large investment banks and hedge funds are quickly moving to profit from the new lithium demand and market conditions.”
The first battery manufacturer Dilger was met with on Friday was BK Rechargeable Battery Company, a leading manufacturer of numerous lithium-ion battery components, which can be seen at http://www.bkbattery.com/newen/
Nova Mining Corp. (NVMN) seeks out the most potentially lucrative mining projects, supplies and sales 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.
More information on Nova Mining Corp 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
