Lithium and copper in deficit in the future
The increasing demand for electromobility is heating up the demand for raw materials for certain metals. The economic metal copper is in demand in the automotive industry, in infrastructure projects and in the renewable energy sector. And there is a deficit in copper. In addition, the copper content in the mined rock generally decreases. Therefore, even if the demand for the red metal should not grow, an increase in the deficit must be expected.
A rising copper price would therefore come as no surprise and would delight copper companies such as Copper Mountain Mining - http://www.commodity-tv.net/c/search_adv/?v=298887. Copper Mountain Mining is well positioned in the copper business with its 75 percent interest in the Copper Mountain Mine in British Columbia. After all, the mine produces about 116 million pounds of copper equivalent per year.
This development is also reflected in the great interest shown by Chinese companies, which took advantage of weak share prices last year to enter the mining sector. Especially for companies that own raw materials for power generation and batteries. Copper, nickel, cobalt and lithium were therefore the focus of Chinese investors. After all, securing the raw materials for battery batteries is an important issue in the world. And when it comes to farsightedness, the Chinese in particular like to be ahead of the game.
The president of Global Lithium, Joe Lowry, summed it up at a recent conference in California. A possible oversupply of lithium is a myth. The "Big Four", i.e. the four major lithium producers worldwide, will not be able to meet the lithium demand forecast for 2025. For example, enormous investments still have to be made in the lithium market in order to avoid a supply deficit.
The lithium projects of Millennial Lithium - http://www.commodity-tv.net/c/search_adv/?v=298888 - in the famous lithium triangle in Argentina should come at just the right time, because here there is best battery quality. The Pastos Grandes lithium project is in the approval process, the environmental impact assessment for construction and operation has just been submitted. An annual production of 25,000 tons of lithium carbonate equivalent is expected.
Aktuelle Unternehmensinformationen und Pressemeldungen von Copper Mountain Mining (https://www.resource-capital.ch/en/companies/copper-mountain-mining-corp/) und von Millennial Lithium (https://www.resource-capital.ch/en/companies/millennial-lithium-corp/).
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