Apple products are in such high demand that a new wave of them could strain worldwide lithium supplies. (Photo : Apple)
Apple's next iPhone hasn't officially been announced, but the internet is abuzz with rumors about its capabilities based on leaked specs and patents filed by Apple.
One company, however, is taking a sure bet on Apple's next iPhone and the Apple television. Last week, Nova Mining Corp. announced it will be buying 100 percent of the lithium from three mining companies in anticipation of the growing demand for Apple products. The move indicates that Nova Mining is expecting a surge in demand for Apple products, such as the iPhone 5.
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Currently, the iPhone 5 is rumored to come out this fall. According to AppleInsider, production of the Apple TV will start next quarter, and points to a fall release.
According to the New York Times, iPad and smartphone sales and electric car manufacturing have put a strain on worldwide lithium supplies. Lithium is the main ingredient in the batteries for all these products.
"Given what we have seen the iPad sales boom do to the Lithium market, we believe that further releases of revolutionary products from Apple will exponentially escalate lithium prices and place even more critical demand on the valuable mineral that is the main ingredient for long-life batteries," said Nova Mining President James Dilger. "I feel we are positioning Nova Mining to reap great rewards from these influences on the lithium market."
The analysis is supported by Bloomberg Business, Barron's and Seeking Alpha.
The buyout of three licensed Mongolian National Mining Consultants Limited mining properties' lithium supplies by a company such as Nova Mining Corp. is strong evidence that more Apple products are to follow the recent WWDC. Nova Mining Corp. invests aggressively in the "supplies of strategic high-demand minerals," according to Bloomberg Business.
Lithium is not only the main ingredient in long life batters for Apple items, but also for products such as Microsoft's new Surface tablet and electric cars from Tesla Motors.