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Battery-powered electric vehicles urgently need lithium





 

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/).

In accordance with §34 of the German Securities Trading Act (WpHG), I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and that there is therefore a possible conflict of interest. No guarantee for the translation into German. Only the English version of this news is valid.

Disclaimer:

The information provided does not constitute any form of recommendation or advice. Express reference is made to the risks involved in securities trading. No liability can be accepted for any damages arising from the use of this blog. I would like to point out that shares and especially warrant investments are generally 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 a mistake, especially with regard to figures and prices. The information contained is taken from sources that are considered reliable, but in no way claim to be correct or complete. Due to judicial decisions the contents of linked external pages are to be answered for (so among other things regional court Hamburg, in the judgement of 12.05.1998 – 312 O 85/98), as long as no explicit dissociation from these takes place. Despite careful control of the contents, I do not assume any liability for the contents of linked external pages. The respective operators are exclusively responsible for their content. The

disclaimer of Swiss Resource Capital AG applies additionally: https://www.resource-capital.ch/de/disclaimer-agb/.





Posted by on 25. April 2022. Filed under Internet, Picture Gallery. 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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