Electromobility and digitalization demand raw materials
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/).
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