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More electric cars require more raw materials



According to forecasts, sales of electric vehicles could more than double in the next five years.

Bloomberg NEF assumes this development. Sales figures are rising in China and the USA in particular. However, there are still many combustion engines on the road, and it is estimated that by 2050 around 30 percent of vehicles will still be using diesel or gasoline. So some efforts are still needed to achieve the climate targets we are aiming for. But some work is being done, governments are luring money and companies are forming partnerships to make battery production more efficient. Batteries should be available more quickly because the growth of electromobility is exceeding market forecasts. Supply bottlenecks already exist, for example in the photovoltaic industry.

Raw materials such as lithium, cobalt and nickel are needed for production. In the case of nickel, the LME (London Metal Exchange, nickel with 99.8 percent purity is traded there) is working on reform plans for nickel trading. It is particularly concerned with fast-track procedures for the approval of new nickel brands. Nickel is not only used for refining steel products but is also an essential component in batteries for electric cars.

To advance green technologies, critical metals are also an important topic. Rare earths are used in electric motors, fuel cells, wind turbines and other technical equipment.

Rare earths as well as lithium, cobalt and uranium are available at US Critical Metals\- – https://www.commodity-tv.com/ondemand/companies/profil/us-critical-metals-corp/ – projects in Idaho and Montana.

Nickel and cobalt are held by Canada Nickel Company – https://www.commodity-tv.com/ondemand/companies/profil/canada-nickel-company-inc/ -, for example in the flagship Crawford project in Ontario. The company is also working on carbon capture and storage and can thus contribute to the energy transition.

Current corporate information and press releases from US Critical Metals (- https://www.resource-capital.ch/en/companies/us-critical-metals-corp/ -) and 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 20. June 2023. 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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