Investments in lithium - zinc before the jump
(PresseBox) - The U.S. is investing $2.8 billion in lithium. Private investors can invest in lithium companies.
This immense investment by the U.S. should fuel the rush for lithium, also called the "white gold." According to the U.S. government, domestic production of EV batteries should be boosted, including the production of the materials used. According to the Biden administration, half of all newly registered vehicles should be all-electric or hybrids. Many countries are promoting the electromobility trend, whether in the U.S., Germany or Norway, where hardly any internal combustion vehicles are still crossing the counter. Lithium is a key component of lithium-ion batteries. Australia mines the most lithium, and China is the leader in lithium refining and lithium-ion battery production. Chile and Argentina, as well as Zimbabwe, Portugal or Brazil also have the coveted white gold. Likewise in Mongolia. Here, ION Energy - https://www.youtube.com/watch?v=Lu0HcV0vEdA - owns two very promising lithium projects. Mongolia is a mining-friendly country.
But another metal could also start its triumphant march, namely zinc. It is used to protect iron and steel against corrosion, and zinc is needed for the energy transition. Wind and solar modules need zinc. The London Metal Exchange is currently examining the complete exclusion of Russian metals. Some zinc smelters have already ceased operations, such as the Nordenham zinc smelter, citing the energy crisis in Europe. And zinc stocks are at an all-time low, while supply looks bad. On the London Metal Exchange, the low of the beginning of 2020 has almost been reached. That s when an investment in a zinc producer like Griffin Mining - https://www.youtube.com/watch?v=MgDgfmsT5UU -, China s largest zinc producer, might be considered. Griffin Mining holds an 88.8 percent stake in the successfully producing Caijiaying mine in Hebei province.
Current corporate information and press releases from Griffin Mining (- https://www.resource-capital.ch/en/companies/griffin-mining-ltd/ -).
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Datum: 25.10.2022 - 01:33 Uhr
Sprache: Deutsch
News-ID 669760
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