The widespread efforts to promote green technologies incorporating lithium-ion batteries just became a little easier.
The world's largest lithium producer, Chile's Sociedad Quimica y Minera, or SQM
SQM's announcement won't make front-page headlines, but the importance of this move in reducing carbon emissions around the world must not be overlooked. Sighs of relief are surely echoing through the boardrooms of Toyota Motor
After noting the milestone by Norfolk Southern
Lithium-ion battery manufacturers from Panasonic
I expect that SQM will receive accolades from green-technology stakeholders for this farsighted move to lower the cost barriers to lower-emission vehicles and other important applications for lithium-ion batteries.
The lithium market is dominated by just a quartet of major producers, and this Fool will be watching SQM competitor FMC
I've always said that SQM was more than just an agriculture stock. If you're looking for more than just a newsletter, then take a low-emissions test drive of the Motley Fool Rule Breakers service. It will help you discover tomorrow's trendsetters today. Start your free 30-day trial.
Fool contributor Christopher Barker can be found blogging actively and acting Foolishly in the CAPS community under the user name TMFSinchiruna. He tweets. He doesn't own shares in the companies mentioned. The Motley Fool has a zero-emissions disclosure policy.