Battery-powered electric vehicles urgently need lithium

Posted by Publisher Internet, Picture Gallery Monday, 25. April 2022

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By 2030, more than 30 percent of vehicles are expected to be electric. This requires an enormous amount of lithium. Due to the war, the prices of raw materials for electric vehicles have risen enormously in recent times. However, this can at best slow down the boom in green vehicles. Cobalt, nickel sulfates and lithium account for around 30 percent of battery costs. Shortages of these three raw materials are looming in both the short and long term. About ten percent of nickel demand has been supplied by Russia. But the current situation threatens supply bottlenecks and price increases. The supply of lithium is particularly critical. Here, demand is expected to exceed supply.

According to the study, recycling will therefore play an increasingly important role. In general, it will pay off for companies to position themselves more in all parts of the supply chain. This has also been recognized by Tesla CEO Elon Musk, who recently stated that Tesla may have to enter the field of lithium mining and refining. That\-s because, according to Benchmark Mineral Intelligence, lithium prices rose 480 percent in 2021 alone. And prices are expected to continue rising, not pause. Back in 2020, Musk surprised the industry by saying that Tesla had secured rights to lithium-rich deposits in Nevada. Lithium can be bet on with companies like Alpha Lithium or ION Energy. In Argentina, in the famous lithium triangle, lies Alpha Lithium\-s Tollilar-Salar project – https://www.youtube.com/watch?v=_4FylM829Vg&t=3s -and contains high-grade lithium. ION Energy – https://www.youtube.com/watch?v=f1D_y49h7eQ&t=1s – is active in Mongolia on its two lithium projects. The exploration program is fully funded and ION Energy is aiming to become a key supplier of lithium in Asia.

Current corporate information and press releases from Alpha Lithium (https://www.resource-capital.ch/de/unternehmen/alpha-lithium-corp/).

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