E-Mobility needs raw materials
Thoughts about how much your own car will still be worth in a few years' time should already be made. Large investments in a car with a combustion engine are probably not the issue at the moment. On the one hand, the economic situation has become uncertain, on the other hand it is not clear what will happen to conventional petrol engines. The demand for leasing vehicles is also increasing. At the same time, the interest in electric vehicles is increasing. And the decision for a leased vehicle with an alternative drive seems to be easier than buying one.
Today, leasing rates for electric vehicles have dropped to record levels thanks to the government's environmental bonus. And if an electric and hybrid car is cheaper than a car with an internal combustion engine, that is an incentive.
The largest automobile market is the Chinese one. Around 57 percent of all electric cars sold worldwide were sold in China - an annual increase of around 80 percent since 2014. The success of electric mobility is only possible with the technology of lithium-ion batteries. These are also used in portable electrical devices, from lawn trimmers to smartphones and e-bikes.
The growing market for the necessary batteries needs raw materials such as lithium, cobalt or nickel and these materials are produced at projects such as Millennium Lithium or the Canada Nickel Company. Canada Nickel is working flat out on its projects to produce nickel and cobalt. Exciting is the Crawford project, one of the largest nickel-cobalt-palladium projects. It is 100 percent owned by Canada Nickel and is located in Ontario.
Millennial Lithium, with its two lithium properties, is located in the best lithium area in Argentina. The flagship project Pastos Grandes is already well advanced.
Current company information and press releases from Canada Nickel Company (https://www.resource-capital.ch/en/companies/canada-nickel-company-inc/) and Millennial Lithium (https://www.resource-capital.ch/en/companies/millennial-lithium-corp/).
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