SAN ANTONIO--July 16, 2012: 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."
“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.”
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 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 BK Battery
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: Nova Mining
