The world needs huge quantities of lithium
(PresseBox) - Even if lithium has become cheaper, demand is likely to be greater than the quantity currently available in deposits.
The rise in the price of fossil fuels and the shift towards renewable energies requires energy storage. In addition to electromobility, it is battery storage that is boosting demand for lithium. And there are not as many lithium producers in the world as you might think. One of the largest lithium deposits, namely 500,000 tons, is thought to be in Ukraine. It could also be extracted in a more environmentally friendly way than is usually the case. But an end to the war is not yet in sight. According to estimates, the number of battery-powered vehicles in industrialized countries will increase tenfold over the next seven years. Lithium is mainly produced in Australia, Chile and China. Canada ranks eighth among lithium-producing countries. And Canada is a sought-after location due to its proximity to American car manufacturers. Canadian lithium projects and the companies behind them should not be forgotten by investors, especially if they can score with good results.
In Quebec and the Northwest Territories, Gama Explorations - https://www.commodity-tv.com/ondemand/companies/profil/gama-explorations-inc/ - has projects containing lithium, nickel and copper.
In the USA, in Nevada, Montana and Idaho, U.S. Critical Metals - https://www.commodity-tv.com/ondemand/companies/profil/us-critical-metals-corp/ - has projects with lithium, cobalt and rare earths - two promising candidates in the battery metals sector.
The current weak price of lithium should not obscure the fact that it is one of the most sought-after commodities. Even if uncertainties regarding the global economy and the expiry of production in some countries are currently having a negative impact.
Current company information and press releases from Gama Explorations (- https://www.resource-capital.ch/en/companies/gama-explorations-inc/ -) and U.S. Critical Metals (- https://www.resource-capital.ch/en/companies/us-critical-metals-corp/ -).
In accordance with ?34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.
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Unternehmensinformation / Kurzprofil:
Datum: 27.11.2023 - 01:51 Uhr
Sprache: Deutsch
News-ID 695412
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