Do not forget nickel and lithium
Lithium-ion batteries are the ultimate in electromobility, at least for the next ten years. Lithium and nickel are on board
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According to the International Energy Agency (IEA), new technologies are not expected to be available until 2030 at the earliest, which could mean competition for the current lithium-ion batteries. But these potential energy storage media such as lithium sulfur, lithium metal solid state batteries, often contain lithium. Experts expect a significant increase in demand for lithium.
This should give lithium companies such as Millennial Lithium pleasure. Millennial Lithium, well financed, is working at full speed on the Pastos Grandes Lithium project in Argentina. The project will soon deliver around 24,000 tons of lithium in top battery quality.
The storage batteries required for electromobility contain lithium, cobalt, gold and silver, but in small quantities. Nickel is also a building block, and an important one at that. Nickel, which is also used in the steel industry, is estimated to be in demand around six times as much over the next decade as it is today. Nickel makes up the largest share of the batteries in Tesla vehicles.
A ton of nickel costs around 14,400 US dollars per ton, making it an expensive raw material. And then there is the fear that there could be bottlenecks in the supply of nickel. The Canada Nickel Company could help here.
The Canada Nickel Company has nickel and cobalt in its projects, with the Crawford nickel-cobalt project in Ontario being the flagship project - the twelfth largest nickel project in the world.
Current company information and press releases from Canada Nickel Company (https://www.resource-capital.ch/en/companies/canada-nickel-company-inc/) und Millennial Lithium (https://www.resource-capital.ch/en/companies/millennial-lithium-corp/).
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