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Electric cars are being promoted

The development of e-mobility is being driven forward worldwide. Good news for companies that own the battery raw materials

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China exempts battery electric cars, plug-in hybrids and hydrogen cars from the ten percent purchase tax in 2021 and 2022. And this after the tax on various electric cars was abolished. The vehicles concerned will be listed in a catalogue. The situation is similar in Germany with the expansion of the environmental bonus. In this country, too, there is a list of subsidies.

And that makes sense, because electric cars have a clearly better CO2 balance than petrol or diesel. This is especially true if renewable energies are increasingly used in production. The higher the proportion of water, wind and solar energy, the better the result. An important item is also the question of where a battery was produced. Batteries from China, for example, do not perform so well because of the electricity mix used.

The batteries for electric mobility need lithium or cobalt, for example. The lithium triangle of Argentina is known for its large and high-quality lithium deposits. Millennial Lithium has two projects here: https://www.commodity-tv.com/play/research-news-with-millennial-lithium-corvus-gold-and-mag-silver/. A feasibility study has already been conducted for Pastos Grandes, which assumes very good conditions for the lithium project.

In Ontario, Canada Nickel Company is working on projects containing nickel, cobalt and palladium: https://www.commodity-tv.com/play/newsflash-with-caledonia-mining-canada-nickel-and-discovery-metals/. The company's Crawford project is enormous. It is located in an excellent area, the Timmins-Cochrane district.

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/).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also 
applies: https://www.resource-capital.ch/en/disclaimer/ 

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Always up to date with the newsletter from SRC

Swiss Resource Capital AG will use the information you provide in this form to keep in touch with you and to provide you with updates and marketing information. To receive our news, you still have to give us permission to send you E-Mails below.

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