Word: lithium
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Dates: during 1960-1969
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Gulf Resources' unusual growth is the result of two mergers. First, Allen paid out $18.5 million in stock to acquire Lithium Corp. of America, a New York-based mineral and chemical concern. He next made a tender offer for shares in far bigger Bunker Hill Co., an $83.2 million-a-year Idaho mining and smelting company. Bunker Hill spurned Allen's overtures, began dickering with two other prospective part ners. Undeterred, Allen coolly bought up its stock on the open market, by last February had a commanding 36% interest. The battle of Bunker Hill over, shareholders...
...acquisition of Lithium Corp. of America made Gulf Resources, in a single stroke, one of the world's largest producers of lithium, a superlight metal that, in various forms, is used in such disparate products as laundry bleach, synthetic rubber and swimming-pool disinfectant. Lithium Corp. also has a stake in a venture to extract potash and other minerals from Utah's Great Salt Lake. Bunker Hill, meanwhile, is one of the U.S.'s biggest producers of zinc, lead and silver. By acquiring it, Gulf Resources also strengthened its profit position, since Bunker Hill had earnings last...
Quick Zap. A.M.C.'s hopes rest on a piggyback system of two 25-lb. nickel-cadmium batteries and two 75-lb. lithium batteries being developed by Gulton Industries of Metuchen, NJ. The lithium batteries are for sustained speeds, can store 15 times as much energy per pound as lead-acid batteries now used in conventional cars. For quick acceleration-a safety factor lacking in present electric-car designs-the nickel-cadmium batteries would cut in briefly, could zap the car from a standstill to 50 m.p.h. in 20 seconds. And for longer battery life between charges, the Amitron would...
...breathing lines, but the Gemini 10 spacemen quickly vetoed that theory, insisting that the eye-swelling fumes were in no way similar to urine. One guess now is that the special antifog mist wiped on both space-suit visors prior to the EVA reacted chemically with particles of lithium hydroxide (used to purify the astronauts' breathing system...
...next detonation, now scheduled for Bastille Day, July 14, is likely to be relatively low-powered, as was the first. After that will come at least four higher-yield explosions, including the firing of devices laced with lithium and tritium, as important experiments toward ultimately developing the H-bomb. At one of the final explosions in late summer will be a very important guest. De Gaulle plans to stop off for a brief visit at the Polynesian site during his trip to Southeast Asia...