Electromobility and digitalization demand raw materials
What both need are powerful batteries. That's where lithium comes in. Zinc is also an indispensable raw material in the industry
Receive up-to-date information about the company directly via push notification
In order to have these necessary batteries, battery production uses lithium, and the demand is increasing. Lithium is abundant in Chile. There, a good quarter of the global lithium reserves are located in the Salar de Atacama salt desert. Water containing salts is pumped up and allowed to evaporate in shallow basins. Among other things, lithium is dissolved. But this mining also involves risks of an ecological nature. To protect the ecosystem, companies have now joined forces to form the Responsible Lithium Partnership.
However, there are also lithium deposits in Mongolia, for example. Here, ION Energy - https://www.youtube.com/watch?v=tYrmDYzHo5I - has just started exploration work on its Baavhai Uul lithium salar project (more than 81,000 hectares). The Urgakh Naran lithium concession area is also in the company's portfolio.
Zinc is important for the automotive sector and the steel processing industry. This is because it forms a weather-resistant protective layer (galvanizing iron). Demand for the raw material is robust, especially in the current global economic recovery. Most zinc comes from China, Australia, Peru, India, USA, Mexico and Canada.
The largest zinc producer in China is Griffin Mining - https://www.youtube.com/watch?v=kRi8d4ew1pA. Its Caijianying mine produces zinc, gold, lead and silver. In 2020, Griffin Mining increased its operating profit as costs fell and zinc metal prices went up.
Current corporate information and press releases from Griffin Mining ( https://www.resource-capital.ch/en/companies/griffin-mining-ltd/).
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