E-mobility makes prices
The lithium used in the batteries of electric vehicles is rising sharply in price
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The demand is strong for lithium, especially in China the prices are increasing exponentially. Lithium-ion batteries need lithium. European governments are luring electric car buyers with subsidies, and around one-third of cars sold have an alternative powertrain. In China, three times as many electric cars were sold in January 2021 than in the same month last year. And in the U.S., President Biden promises to build half a million charging stations.
According to estimates, the lithium deficit last year will continue in the current year. Most lithium is produced in Australia, Chile, Argentina and China. In the lithium triangle in Argentina, for example, is Millennial Lithium - https://www.youtube.com/watch?v=s4v1dkPPyis - with its two lithium projects. High-grade battery lithium includes the company's Pastos Grandes project. With a recent financing, Millennial Lithium is well prepared for further development of its lithium deposits.
In addition to lithium, cobalt is a valuable battery raw material that is used in electric vehicles and in electronics, for example in smartphones. However, cobalt mining, which mainly takes place in the Congo, is fraught with problems. Cobalt from a mining-friendly country such as Finland comes in handy.
In Finland, Mawson Gold - https://www.youtube.com/watch?v=w7nqj4MLbIk - wholly owns the Rajapalot Gold Cobalt Project. High-grade gold as well as cobalt deposits were confirmed in the completed winter drill program. In addition to this project, the portfolio includes gold and silver projects in Australia and a gold project in Oregon.
Current corporate information and press releases from Millennial Lithium (https://www.resource-capital.ch/en/companies/millennial-lithium-corp/) and Mawson Gold (https://www.resource-capital.ch/en/companies/mawson-gold-ltd/).
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