Climate-friendly vehicles need raw materials
If Tesla were to build 20 million electric vehicles a year, the demand for raw materials would be immense. Even if Tesla alone doesn't make it, there are other manufacturers of the low-emission cars. According to one calculation, 20 million e-vehicles would require more than one million tons of graphite, or 94 percent of the amount produced in 2019. In terms of lithium, just over 127,000 tons would be needed. This would be 165 percent of the amount produced in 2019 - a huge shortfall, in other words. The nickel contained in the 20 million e-cars would consume around 31 percent.
Nine percent of the copper produced worldwide would also be used for production. The battery metal cobalt would be sucked up by 56 percent of production. And that would be from the automotive industry alone. Cobalt and also lithium are also used in batteries in other industries, creating strong demand, so they come on top of the demand from the automotive industry. Lithium in particular could offer good entry opportunities. For example, experts at Macquarie Bank believe that the lithium market could move into a permanent deficit. Credit Suisse also believes that lithium is not a temporary trend, but a long-term one.
Those who want to bet on lithium can look at Millennial Lithium - https://www.youtube.com/watch?v=mc8deysBqY8 . In Argentina, in an excellent area for lithium, the company's Pastos Grandes lithium project (about 15,000 hectares) offers top battery quality.
For example, Hannan Metals - https://www.youtube.com/watch?v=77_09R87uDg - owns copper and silver in Peru. The San Martin copper-silver project consists of 88 mineral concessions. In Ireland, the portfolio also includes three other projects.
Current corporate information and press releases from Hannan Metals (www.resource-capital.ch/en/companies/hannan-metals-ltd/) and Millennial Lithium (www.resource-capital.ch/en/companies/millennial-lithium-corp/).
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