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Lithium, nickel and cobalt – important raw materials for electromobility

Climate change and decarbonization targets of many major economies drive demand for certain commodities.

Lithium shares were extremely popular with investors last year and electromobility continues to gain momentum, so lithium will also be of interest to investors in the current year. After all, the price of lithium, which is in desperate demand, rose by around 300 percent last year. Demand is now greater than supply. Experts expect a further shortage. This can easily be seen in the sales figures for electric vehicles. For example, while a total of 64,000 fully electric passenger cars were sold in Germany in 2019, the figure was already 48,000 in December 2021 alone. A total of just under 356,000 e-vehicles were registered in Germany in 2021, representing a 463 percent increase compared to 2019.

Companies such as ION Energy – https://www.youtube.com/watch?v=f1D_y49h7eQ&t=2s -, which own the lithium in their projects, thus have a particularly valuable raw material in demand. Located in Mongolia, ION Energy\-s two major lithium projects offer excellent future prospects. The exploration is fully financed and there are many battery factories in neighboring China.

Other raw materials needed in the automotive industry are nickel and cobalt. Cobalt is used alongside lithium in rechargeable batteries as a cathode material. Mostly from the problematic Congo, there is also cobalt from safe mining regions.

The Canada Nickel Company – https://www.youtube.com/watch?v=ejGJ-hLPY2w&t=6s -, for example, owns the Crawford nickel-cobalt sulfide project in Canada. Nickel, by the way, is a raw material that is not only needed in electromobility, but also in the stainless-steel industry.

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

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/

Posted by on 15. February 2022. Filed under Internet. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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