Lithium and cobalt - important raw materials
Not only electromobility is experiencing a boom, but also various raw materials are increasingly in demand
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Many electric cars also need many powerful batteries. Major automakers are planning or already have their own battery factories. This development gobbles up battery raw materials such as lithium or cobalt. No wonder the price of lithium has exploded since the beginning of 2021. The cobalt price has seen an increase of about 155 percent since the beginning of 2022. That's where high demand, logistics problems and project delays come in. And in China, the metal market is tight due to reduced production volumes. Cobalt is mostly a by-product of mining operations. As an example, consider Mawson Gold - https://youtu.be/ZBit04HR-Sc -. The company owns 100 percent of the approximately 18,000-hectare Rajapalot gold-cobalt project in Finland. It is the third largest gold deposit and the seventh largest cobalt deposit in Europe.
It is no coincidence that lithium is also called white gold. As an essential raw material in lithium-ion batteries, and thus in cell phone and car batteries, the price of lithium has also jumped exorbitantly. E-bikes, e-scooters as well as laptops need lithium. Most lithium is found in the lithium triangle on the borders of Chile, Argentina and Bolivia. Here in the lithium triangle, for example, Alpha Lithium - https://youtu.be/9d-nsnTk4ZY - has positioned itself. A lithium pilot plant is currently being planned on Alpha Lithium's Tollilar-Salar area. Well financed, the company is also aiming for a preliminary economic valuation. Production of up to 40,000 tons of high-grade lithium carbonate annually is the target. Apart from the Lithium Triangle, most lithium comes from the USA, Australia and China.
Current corporate information and press releases from Mawson Gold (https://www.resource-capital.ch/de/unternehmen/mawson-gold-ltd/ ) and Alpha Lithium (
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