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Add Battery Power to Your Portfolio
Still in its early stages today, the lithium-ion battery industry is rapidly emerging as a manufacturing and high-tech hot spot in the world economy. Politicians, the press, and environmentalists are talking about hybrid and electric cars. President Obama’s efforts to push battery-operated electric and hybrid cars and other products relying on lithium batteries for power have shone a spotlight on the industry.
Global lithium consumption
Credit Suisse released an in-depth report on the Lithium industry on October 1st. Please contact me if you would like a copy of this 57-page report. In it, analyst John McNulty writes that they expect robust lithium volume growth of 7.2% from 2009-2015 and demand growth of 10.3% from 2009-2020.
In August the U.S. Department of Energy (DOE) granted Source: Credit Suisse, SQM $2.4 Billion to 48 companies in the electric and hybrid vehicle sector with nine companies receiving government grants for cell, battery and materials manufacturing.
Raymond James Latin America analyst Francisco Schumacher reiterated our expectations for strong lithium-ion car battery consumption growth over the medium-term. Here is a list of some of the companies involved in the sector:
Please contact me for further information or research.
April M. Dorey, B.Comm, FMA, FCSI
T: 250.405.2429 or 1.877.405.2400
april.dorey@raymondjames.ca
www.aprildorey.com
*Please note, changes in tax laws may occur at any time and could have a substantial impact upon each person’s situation. You should discuss any tax or legal matters with the appropriate professional. Written by April Dorey and expresses the opinions of the author and not necessarily those of Raymond James Ltd. Statistics and factual data and other information in this newsletter are from sources RJL believes to be reliable but their accuracy cannot be guaranteed. Securities-related products and services are offered through Raymond James Ltd., member CIPF. Financial planning and insurance products and services are offered through Raymond James Financial Planning Ltd., which is not a member CIPF.
© April Dorey. Articles, statistics and other data referred to or cited are intended to provide readers with potentially useful information for their own personal use. *Please note, changes in tax laws may occur at any time and could have a substantial impact upon each person’s situation. You should discuss any tax or legal matters with the appropriate professional. Reproduction without permission is permitted with due acknowledgement. The views expressed are those of the author, April M. Dorey, and not necessarily those of Raymond James Ltd. It is provided as a general source of information only and should not be considered to be personal investment advice or a solicitation to buy or sell securities. Investors considering any investment should consult with their Investment Advisor to ensure that it is suitable for the investor’s circumstances and risk tolerance before making any investment decision. The information contained in this article was obtained from sources believed to be reliable, however, we cannot represent that it is accurate or complete. Raymond James Ltd. is a member of the Canadian Investor Protection Fund.
For more information please contact:
April Dorey, B.Comm, FMA, FCSI
Financial Advisor
Raymond James
10th Floor, 1175 Douglas Street
Victoria, BC.
Tel. 250-405-2429
www.aprildorey.com