The phenomenal growth of mobile electronics is fueling demand for lithium. Cell phones and laptop computers are some of the most sought after products in the world and they are both powered by lithium-ion batteries.
Lithium is powering the wireless world and wireless communications are driving the enormous demand for Lithium. Lithium is a crucial component of the $65.7 billion cell phone industry. Last year one billion cell phones were sold around the world each one powered by lithium.
Wireless communications include popular international mega-brands like iPhone, Android and BlackBerry. These are products with huge, ever-increasing demand, last year there were 50 million Blackberries sold and iPhone sales increased over 600 percent. Cell phone producers reliant on lithium include companies like Nokia, Motorola, SamSung, and Sony/Ericson.
There are a variety of other technologies that are powered by lithium batteries like MP3s and new mobile devices like Apple’s iPad.
Laptop computers are another major source of lithium demand. The 177 million laptops sold last year eclipsed PC sales for the first time. The fact that laptops are outselling home PCs, reflects a general trend towards mobile sources of power and lithium is the key to mobile power.
Blue-chip companies are investing in lithium because they know that for the foreseeable future lithium batteries will provide the energy for all the most popular mobile electronics. This makes lithium one of the greatest wealth making opportunities of the century.
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