Electro overhauling
It's still the price. Otherwise, significantly more electric cars would be sold. This is likely to change soon and further fuel demand for lithium.
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Eduard Haegel hardly knows a single investor. But it is precisely in the raw materials and, in particular, electric vehicle materials circles that the man is a size. Because Haegel is head of the nickel department at BHP Billiton. After all, BHP is by far the largest raw materials group in the world. What a division manager says there has weight. Haegel recently explained that he expects the prices of electric vehicles to be the same as those of cars with combustion engines in the first half of the next decade.
The BHP top manager also summarised the effects of this in a clear way: "As soon as this happens, people who look around for a car will have the opportunity to get one with an electric or combustion engine and I think they will then take an electric car".
This would of course mean an enormous increase in sales figures. Since lithium-ion batteries are currently the only choice for electricity storage in electric vehicles, they will also experience an even greater boom. If you can get the resources for it, you should be able to earn very well. These include not least lithium companies with fundamentally good projects such as Infinity Lithium and Millennial Lithium.
Millennial Lithium - https://www.commodity-tv.net/c/search_adv/?v=298600 - has two advanced projects in one of the best lithium regions, Argentina. Cucharí East and Pastos Grandes, a total of more than 20,000 hectares. Especially at the Pastos Grandes project, drill results are exceeding expectations.
Infinity Lithium - https://www.commodity-tv.net/c/search_adv/?v=298439 - owns 50 percent of one of the largest lithium deposits in Europe, the San Jose Lithium Project. This is located in western Spain. The start of production is planned for 2020. The potential of the project to be a lithium hydroxide production project should successfully advance the company.
Current corporate information and press releases from Millennial Lithium (https://www.resource-capital.ch/en/companies/millennial-lithium-corp.html).
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