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Battery metals - increasing demand

ID: 707650

Markets and Markets expects global demand for lithium batteries for electric cars to increase over the next few years.

(PresseBox) - According to market researchers from Markets and Markets, demand for lithium batteries will increase by around 19% annually in the electromobility sector alone. As a result, sales will rise from a good 56 billion US dollars in 2022 to more than 134 billion US dollars by 2027. The leading suppliers of lithium batteries come from China, Japan and South Korea. The construction of large-scale factories (gigafactories) worldwide is therefore booming. Several companies are currently planning new gigafactories in Morocco, for example. This is because the country is attractive due to its proximity to Europe, free trade agreements and the automotive industry located there. Tesla is currently building a second battery production plant in Shanghai for energy storage systems (megapacks).

The triumph of electric vehicles is unstoppable. According to a new analysis, charging an electric car at home offers significant savings compared to filling up with petrol or diesel. Based on a sample household with an annual mileage of 11,000 kilometers, the electricity costs amount to between 627 and 840 euros. If the vehicle is refueled with petrol, with an average consumption of 7.7 liters per 100 kilometers, the annual costs are a good 700 euros higher. Not only electric vehicles, but also green energies such as wind and solar power require battery storage. Raw materials such as lithium, cobalt, nickel and copper are the main components in the production of batteries.

The mining company Green Bridge Metals - https://www.commodity-tv.com/ondemand/companies/profil/green-bridge-metals-corp/ - specializes in battery metals. The projects are located in Minnesota and Ontario and contain nickel, copper, platinum metals and chromite.

Canada Nickel Company - https://www.commodity-tv.com/ondemand/companies/profil/canada-nickel-company-inc/ - can boast nickel and cobalt. The company s Crawford project in Ontario is responsible for this.





Current company information and press releases from Canada Nickel Company (- https://www.resource-capital.ch/en/companies/canada-nickel-company-inc/ -) and Green Bridge Metals (- https://www.resource-capital.ch/en/companies/green-bridge-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.

Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/.

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Datum: 24.06.2024 - 09:01 Uhr
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News-ID 707650
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