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Lithium - an important raw material for the economy


Von Swiss Resource Capital AG

The automotive industry needs lithium, the

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Lithium is needed almost worldwide; by 2030, Europe's lithium demand could be 73,000 tons or more. Germany needs lithium imports. Perhaps lithium can be mined in the Palatinate. There is a lot of research going on in this country into lithium extraction using geothermal energy. In Rhineland-Palatinate, attempts are being made to extract and process lithium. With the help of geothermal plants, thermal water containing lithium is to be pumped a good 3,000 meters upwards. Once the lithium has been extracted, the water can be fed back into the ground.

 

The price of lithium has currently slipped quite a bit, as there has been a supply glut. About a year ago, the price of the raw material was still at a new all-time high, but today the price looks very different. But the demand for lithium is high, which will also be reflected in lithium shares. The weakening economy in China and lower-than-expected electric car sales were certainly partly to blame for the fall in prices. In the longer term, however, things look promising for the electric vehicle sector. This is because the global trend is moving away from combustion engines towards electric cars. This should also lead to a recovery in the price of lithium.

 

Experts from Deutsche Bank and Citibank believe that there will be a supply deficit on the lithium market by 2025 at the latest. However, there are also voices that speak of an oversupply by 2030. Nevertheless, the long-term prospects for lithium look very good. 

 

Lithium is available in Targa Exploration's - https://www.commodity-tv.com/ondemand/companies/profil/targa-exploration-corp/ - projects. The projects are located in Quebec, Saskatchewan, Manitoba and Ontario. The company also has a silver-gold project in the Yukon. 

 

Green Shift Commodities - https://www.commodity-tv.com/ondemand/companies/profil/green-shift-commodities-ltd/ - also deals with important battery metals in South America and Ontario. These include nickel and lithium.

 

 

 

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



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