Geneva Motor Show shows attractiveness of electric cars
2021 is not far away and then it gets tight: the tough EU rules then threaten with hefty fines those who violate the EU's climate targets. In the case of newly registered vehicles in the EU, carmakers must comply with exhaust emission standards averaging 95 grams of CO2 per kilometre driven. Depending on the size of a vehicle, there are also different limit values. Although some car manufacturers may already be calculating what comes cheaper, fines or immense investment costs for electric cars, the triumphal march of electric mobility will not be stopped.
At the Geneva Motor Show, many car manufacturers were therefore positive. Customers with electric cars are consistently enthusiastic about their vehicle and would buy it again. For the EU climate targets to be achieved, every second new car must be an electric car. It is clear that price plays a major role for the buyer, so many car manufacturers are trying to bring more affordable models onto the market. Tesla, for example, plans to expand its range of models considerably.
Increasing electrification requires raw materials, especially battery metals such as cobalt and lithium. Companies enjoying an increasing number of electric vehicles include Millennial Lithium and Infinity Lithium.
The two lithium projects of Millennial Lithium - https://www.commodity-tv.net/c/search_adv/?v=298888 - are located in a top region, the famous lithium triangle in Argentina. The best battery quality has already been confirmed. In the flagship project Pastos Grandes, the project development park has just been put into operation, which is supplied with renewable energy by means of a hybrid solar system. The pilot processing plant is scheduled to start operating in the second quarter.
Another large lithium project in Europe is Infinity Lithium's San Jose lithium project - https://www.commodity-tv.net/c/search_adv/?v=298809. The company holds a 50 percent stake and is developing it together with Valoriza Mineira. An open-cast mining project is to be developed here, in which the ore is processed on site and converted into high-quality lithium hydroxide of battery quality.
Current corporate information and press releases from Millennial Lithium (https://www.resource-capital.ch/en/companies/millennial-lithium-corp.html).
In accordance with §34 WpHG, I would like to point out that partners, authors and employees can hold shares in the companies mentioned in each case and therefore there is a possible conflict of interest. Only the English version of these messages applies.
Disclaimer: The information provided does not constitute any form of recommendation or advice. We expressly point out the risks involved in securities trading. No liability can be assumed for damages resulting from the use of this blog. I would like to point out that shares and in particular warrant investments are generally 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. I expressly reserve the right to make a mistake, in particular with regard to figures and exchange rates, despite the utmost care. The information contained herein has been obtained from sources believed to be reliable but does not claim to be accurate or complete. Due to court rulings the contents of linked external sites are also to answer for (so among other things district court Hamburg, in the judgement of 12.05.1998 - 312 O 85/98), as long as no explicit dissociation from these takes place. Despite careful control of the contents, I do not assume any liability for the contents of linked external sites. The respective operators are solely responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: www.resource-capital.ch/en/disclaimer.html