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Lithium: Charging Up the Hybrids
8:05 AM MDT | July 22, 2008 | Rebecca Coons
Rising gasoline prices and green-conscious consumers have forced the global automotive industry to rethink its power train, setting the stage for rechargeable lithium-ion batteries to emerge as the enabling technology for hybrid electric vehicles (HEV). From the current base of nearly zero, sales of lithium for HEV batteries are expected to exceed $500 million by 2015, analysts say. Rockwood Holdings, Sociedad Quimica y Minera de Chile (SQM), and FMC, the largest lithium producers worldwide, are poised to benefit from this new high-volume application....
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