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Copper and lithium for the energy transition


Climate change requires adaptation. In addition to raw materials such as copper and lithium, new ideas are needed.

The Maldives are only just above sea level. Now a floating city is being built near the capital Malé. Around 20,000 islanders are to find a new home there, including solar energy generated there. In this country, there is a push to increase renewable energy. Copper is necessary for this, because without the reddish metal there are no alternatives to fossil fuels. Whether wind turbines or electromobility, these industries need copper with increasing tendency. One wind turbine already contains more than four tons of copper. At present, weak US economic data and the strong US dollar are weighing on copper as a raw material. The metal markets are therefore currently suffering from concerns about a global recession. But from a fundamental point of view, the copper price should recover significantly and be quoted above 10,000 US dollars per ton in a few years at the latest.

Lithium is also in demand, and the trend is upward. There is even a threat of deficits here, which could make it difficult to increase production for electric vehicles. Often, as with lithium, there is a dependence on China. And governments tend to impose high taxes on critical raw materials, such as in Serbia or Latin America. The situation is different in Canada, where the mining of raw materials for green energy is viewed positively. One region with very good conditions for mining companies is Mongolia.

There, lithium is available at ION Energy\-s – https://www.youtube.com/watch?v=1sQzQCux6_c – Baavhai Uul (more than 80,000 hectares) and Urgakh Naran (nearly 20,000 hectares) projects.

Copper owns Hannan Metals – https://www.youtube.com/watch?v=d24jQVrtkKE – in Peru, for example, and is one of the largest landowners there. The focus is on copper, along with gold and silver.

Current corporate information and press releases from Hannan Metals (- https://www.resource-capital.ch/en/companies/hannan-metals-ltd/ -).

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 12. July 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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