Raw materials in demand: platinum, palladium, lithium
According to the latest report of the World Platinum Investment Council, the best days for platinum are yet to come. Tighter emission standards, such as in China, will lead to rising demand. Because catalytic converters need platinum. Demand from the electrical industry, the chemical sector and medicine should be robust. Also, from a chart technical point of view, the dynamic outbreak points to a coming major upward wave.
The largest platinum producer is still South Africa. Sibanye-Stillwater, for example, owns properties here, as well as in the USA: https://www.commodity-tv.com/play/sibanye-stillwater-q1-2020-operating-update-record-ebitda/. The operating and financial performance in the first quarter was very good as the Marikana project was added to the producing platinum and palladium projects.
Many experts forecast a deficit for both precious metals in the current year, similar to 2019. Other important raw materials for the automobile market, especially for electric mobility, are battery raw materials. Here, deficits are already expected next year for cobalt, nickel, vanadium and lithium.
Analysts expect demand for lithium alone to grow by around 21 percent annually. And while lithium still cost $2,000 per ton in 2004, it currently costs around $6,000. But lithium supplies are on the horizon. Millennial Lithium, for example, owns more than 20,000 hectares of land on two projects in the lithium triangle in Argentina: https://www.commodity-tv.com/play/research-news-with-millennial-lithium-corvus-gold-and-mag-silver/. The company's flagship project in an advanced stage is the Pastos Grandes Lithium Project in the Argentinean province of Salta.
Current company information and press releases from Sibanye-Stillwater (https://www.resource-capital.ch/en/companies/sibanye-stillwater-ltd/) and Millennial Lithium (https://www.resource-capital.ch/en/companies/millennial-lithium-corp/).
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