Energy storage systems need lithium

In the past, lithium was used mainly for glass and ceramics, as well as for greases, powders and industrial applications. In the transition from fossil fuels today, the raw material lithium plays an important role. Technological developments, lower costs and continued political support are driving this development. Installations are also expected to increase from about ten GWh today to about 500 GWh by 2030. This will result in a huge demand for lithium. Added to this is the demand from the electric vehicle sector.

Battery sizes are expected to continue to grow, and range is now an important issue for buyers. Between January 2021 and June 2022, the price of lithium has risen from $6,750 per ton to a good $68,000. To bridge the gap between supply and demand, new types of extraction techniques are emerging, such as extracting lithium from clay deposits.

In Nevada, for example, there is Cypress Development - https://www.youtube.com/watch?v=9UyTvZ8scHI&t=30s - a company that wants to extract the lithium in clay deposits and is developing the Clayton Valley Lithium Project there. Even if lithium prices ease or stabilize in the short term, in the longer term it will remain a commodity in high demand.

Alpha Lithium - https://www.youtube.com/watch?v=9d-nsnTk4ZY&t=7s - wants to start producing lithium in Argentina in the famous Lithium Triangle soon. 

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

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