China will create demand for raw materials
So, China is expecting average growth of 4.8 percent annually. Right now, the considerations for the 14th five-year plan are causing a stir. Important items on the agenda are the promotion of industrial modernization, strong technological developments and also a reduction in CO2 emissions.
Currently, China is a country with a higher middle income. Experts believe that a doubling of economic output or per capita income seems realistic. Growth is the goal of the Chinese leadership. To achieve this, investments are to be made in new infrastructure, new urbanization and in major projects. Environmental protection and electromobility are also an issue, as are the aerospace industry and artificial intelligence.
This growth targeted by China will be accompanied by an increased demand for raw materials. Lithium is one of the most sought-after raw materials for modern electric vehicles. Rechargeable batteries need the metal and also need a high degree of purity. In view of the enormous demand for lithium, Tesla boss Elon Musk also plans to play a role in lithium production in the future.
For example, Millennial Lithium - https://www.youtube.com/watch?v=kbrvxtoHl7c&t=2s - will be able to supply top quality lithium from its Pastos Grandes lithium project and the nearby second project in Argentina.
Another important raw material, as Elon Musk ("Nickel will be the new gold") knows, is nickel. Electric cars and the growing stainless-steel market need nickel.
This nickel is held by Canada Nickel Company - https://www.youtube.com/watch?v=4W5DSDTbITo&list=PLBpDlKjdv3ypbqrO7Zjsh29HHYvZnjQs7&index=2&t=1s - of Ontario in its Crawford nickel-cobalt sulfide project. Cobalt is also one of the essential battery metals.
Latest company information and press releases from Millennial Lithium (www.resource-capital.ch/en/companies/millennial-lithium-corp/) and Canada Nickel Company (www.resource-capital.ch/en/companies/canada-nickel-company-inc/).
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