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Millions of electric cars will consume raw materials

The future coalition in Germany wants to make Germany the "lead market for e-mobility”.

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Around 15 million electric cars are expected to populate German roads by 2030. The boom in electromobility has not only affected Germany. Most electric cars are driven in China, followed by the USA and Germany. Worldwide, the number of registered electric vehicles was around 10.9 million, and the trend is rising. This development will consume a lot of raw materials, above all lithium and also cobalt. As a result, lithium prices have reached their highest level in three years. Lithium consumers are particularly interested in long-term contracts. Because lithium, "white gold", is a scarce commodity.

Lithium is available in Mongolia, for example. Here, ION Energy owns the Baavhai Uul and Urgakh Naran lithium projects. The lithium-bearing properties cover a good 100,000 hectares. Mining conditions in Mongolia are also favourable. In the lithium sector, the takeover merry-go-round is turning. Recently, Millennial Lithium - https://www.youtube.com/watch?v=4iftwdjuCAU - was taken over by Lithium Americas. Because lithium projects are in demand. Another important material in the field of electric mobility is cobalt. Cobalt hydroxide prices have skyrocketed more than 80 percent from the beginning of 2021 to the fall alone. One ton of cobalt now costs around 63,000 US dollars. The demand for cobalt is driven in particular by vehicles with a longer range. Cobalt is thus also one of the raw materials that is said to have a bright future and strong demand.

Cobalt is owned by Mawson Gold - https://www.youtube.com/watch?v=3gtXPK7de0I - at its Rajapalot gold-cobalt project in Finland. The portfolio of the sustainable company also includes gold properties in Australia.

Latest corporate information and press releases from Mawson Gold (www.resource-capital.ch/en/companies/mawson-gold-ltd/) and Millennial Lithium (www.resource-capital.ch/en/companies/millennial-lithium-corp/).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always 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. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also
applies: https://www.resource-capital.ch/en/disclaimer/

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