Experts expect lithium prices to rise
(PresseBox) - .
Battery metals, especially lithium, are an economic and geopolitical priority.
Many countries have recognized that the security of supply of lithium is one of the central economic issues. The price of lithium and other battery metals will therefore be determined not only by supply and demand, but also by political decisions and geopolitical risks. The major Italian bank Intesa Sanpaolo expects lithium prices to rise, especially from 2024. Currently, the prices for the white gold have come back. Here, expectations that a rising supply surplus is possible probably had an effect. Also, China s government has ended cash subsidies for households buying new electric vehicles. This increased lithium inventories in China. In the long term, however, demand for lithium should increase worldwide. After all, no electric car or portable device will work without lithium.
In order to achieve climate goals, the European Commission has presented new proposals to focus on the supply of critical and strategic raw materials and the development of technologies. Lithium and also cobalt are at the forefront of this. The U.S. government has also recognized the importance of battery raw materials. The fact that China has become something of a superpower in some commodity areas over the past 40 years is causing concern and motivating states. That, as I said, should also reflect prices going forward. That should cause higher lithium prices in late 2023 and beyond. That s when it s time to take a closer look at lithium companies.
Century Lithium - https://www.commodity-tv.com/ondemand/companies/profil/century-lithium-corp/ - is focused on developing the Clayton Valley Lithium Project in Nevada. It is 100 percent owned by the company.
ION Energy - https://www.commodity-tv.com/ondemand/companies/profil/ion-energy-inc/ - owns two lithium projects in Mongolia. China with its gigafactories is right next door as a lithium consumer. ION Energy is working with many stakeholders to support the Mongolian economy and the energy transition there.
Current corporate information and press releases from Century Lithium (- https://www.resource-capital.ch/en/companies/century-lithium-corp/ -).
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Datum: 17.04.2023 - 01:59 Uhr
Sprache: Deutsch
News-ID 681641
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