Monday, February 2, 2009

A Note on the Lithium Rush

Referencing the prior post, we note that Sumitomo Corp (SSUMY) of Japan is mentioned in the article. We have SSUMY on our recommended list and as far as we can tell Sumitomo has good relations with Bolivia.

In late 2008 Sumitomo acquired the remaining interest that it did not own in the San Cristobal mine from Apex Silver (SLV). San Cristobal is a zinc, and silver mine in Bolivia.

We also note that politically Japan is not the Us, placing them in a somewhat better position.

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