Lithium has become a raw material in great demand

In the past, lithium prices were low, so little was invested in this area. Today, the demand forecasts for lithium are very good. And so now many young mining companies are also looking at new lithium capacity. November 2022, the ton of lithium carbonate needed for lithium-ion batteries cost around 80,000 US dollars. Currently, the price has come down significantly. Experts assumed there would be a surplus, but have changed their minds again, as has Goldman Sachs. A severe shortage is expected for a longer period of time. In 2022, the lithium price rose, Chinese subsidies for electric cars led to an exaggerated production of batteries, which then later drove lithium demand down, thus also the price. Because when the lithium price was still high last year, this naturally led to higher production volume and more investment activities. Higher prices can thus lead to lower prices.

In addition, demand in China declined as incentives for electric cars were scaled back. In the long term, the fact that priorities have given greater importance to the area of energy security due to the Ukraine war speaks in favor of lithium. Battery and storage technologies are more discussed than solar and wind projects. Add in the fact that conventional cars are scheduled to be phased out in the EU by 2035, and this will create long-term demand for lithium. Alpha Lithium and Century Lithium are taking care of lithium supply.

Alpha Lithium - https://www.commodity-tv.com/play/alpha-lithium-is-building-a-pilot-plant-found-a-fresh-water-source-wants-to-expand-hombre-muerto/ - owns prospective lithium projects in Argentina in the Lithium Triangle.

At Century Lithium - https://www.commodity-tv.com/play/century-lithium-excellent-position-to-be-the-next-lithium-producer-in-the-us/ -, the focus is on the Clayton Valley Lithium Project in Nevada.

Current corporate information and press releases from Alpha Lithium (- https://www.resource-capital.ch/en/companies/alpha-lithium-corp/ -) and Century Lithium (- https://www.resource-capital.ch/en/companies/century-lithium-corp/ -).

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.

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