The automotive industry needs zinc and lithium
(PresseBox) - When investors look at commodities with very good future prospects, zinc and lithium are certainly among them.
Sustainability, electromobility, energy transition, digital networking or autonomous driving, these things are changing our world. All of this is possible with the help of certain raw materials. In the case of zinc, the raw material that started the new year with a price high, analysts expect the price to remain above average in 2022. Rising energy costs have led and continue to lead to production cuts. These are constraints in supply chains that are driving the price higher. According to the International Lead and Zinc Study Group, China consumed about half or more of the world s refined zinc in 2020. If there are continued production cuts due to increased energy costs, then zinc prices should remain high. If the world recovers from Covid-19 in the current year and the energy crisis still increases, the deficit of refined zinc will continue to increase, so the price. Many are worried about the Omicron variant regarding the zinc market, as European countries and U.S. states have taken stricter measures in some cases to curb the new variant. These may exacerbate supply chain problems.
Lithium is a topic that the investment community is watching closely anyway. Lithium, which is in extreme demand in electromobility and in the field of green energy such as wind and solar power, has seen fulminant price increases and the journey is likely to continue, as lithium is in extreme demand for lithium-ion batteries. Companies with lithium or zinc should be able to look to the future with confidence. Examples include ION Energy and Kuya Silver.
ION Energy - https://www.youtube.com/watch?v=BH231HUoUFI - owns two large lithium projects in Mongolia, with Mongolia providing a low-cost operating environment year-round.
Kuya Silver - https://www.youtube.com/watch?v=-s97vVoqMwE - is eyeing precious metal deposits in Peru and Canada, with zinc included. Significant among these is the Silver Kings project in Ontario, Canada, in the cobalt silver mining district.
Latest corporate information and press releases from Kuya Silver (- https://www.resource-capital.ch/en/companies/kuya-silver-corp/ -).
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Datum: 24.01.2022 - 02:18 Uhr
Sprache: Deutsch
News-ID 654218
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"The automotive industry needs zinc and lithium"
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