Lithium has to come
"Germany was to become a leading location for battery cell production. A large part of the production costs depends on the raw materials," says our Economics Minister Peter Altmaier. The aim is to secure lithium at an early stage.
The agreement between a German company and the Bolivian state enterprise Yacimientos de Litio Bolivianos shows where the road is heading. It is about the promotion of lithium for the batteries of electric cars and thus also about the spread of electric vehicles. The aim of the agreement is the Salar de Uyuni salt lake with the presumed large lithium deposits there. The lithium is to be promoted here over 70 years.
The so-called "lithium triangle" includes Chile, Bolivia and Argentina. There are very large reservoirs for metals here. Lithium, "the white gold", is also the focus of Millennial Lithium - https://www.commodity-tv.net/c/search_adv/?v=298600. Two advanced projects in Argentina and financially well positioned, the company owns over 20,000 hectares of best lithium area.
Infinity Lithium - https://www.commodity-tv.net/c/search_adv/?v=298439 - does not operate in the lithium triangle, but on one of the largest lithium deposits in Europe. Infinity Lithium holds 50 percent of the shares. The San Jose lithium project is located in western Spain and will be developed in open pit mining, where the ore will be processed and refined on site to produce high quality battery grade lithium hydroxide.
It is estimated that the lithium market will grow by 16 percent annually until 2025. That explains why lithium is so popular. So there is strong investment in electromobility. The German automotive industry will invest around 40 billion euros in alternative drive systems over the next three years. The range of electric cars is expected to triple to a good 100 models. Daimler, for example, has also concluded agreements for the purchase of battery cells worth billions for its planned electric models.
Current corporate information and press releases from Millennial Lithium (https://www.resource-capital.ch/en/companies/millennial-lithium-corp.html).
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