The battery is the heart of future cars
Of the almost 80,000 buses in Germany, only about 500 are electric. But the climate-friendly alternative is on the advance. An electric bus still costs about twice as much as a conventional bus. It is not the electric motors that are responsible for the high costs, nor the maintenance or energy costs, but the batteries.
The new year should also be interesting for private individuals, as car manufacturers want to declare war on Tesla with new models. New e-cars are becoming cheaper, subsidies are also available, some are also available for private charging stations and the attractiveness of the models is increasing.
The technological breakthrough has already been achieved when really convincing models are not expected for another year or two. The ranges will be sufficient, there will be enough charging stations and the batteries will meet the quality requirements. It is estimated that by 2025 about one third of all new vehicles will be electric.
A lot of lithium will be needed for the necessary batteries. The demand for the raw material is expected to increase by about 21 percent annually by 2025. Investors who want to position themselves in the lithium market must concentrate on projects in good regions.
In Argentina, a country famous for its lithium deposits, Millennial Lithium - https://www.commodity-tv.net/c/search_adv/?v=298600 - has two advanced projects with more than 20,000 hectares of land. The process tests carried out on the Pastos Grandes Lithium Project showed that the material has the best battery quality (99.92 percent Li2CO3).
In Western Spain, Infinity Lithium - https://www.commodity-tv.net/c/search_adv/?v=298439 - owns 50 percent of one of the largest lithium deposits in Europe. Here, too, lithium hydroxide of battery quality is to be obtained. The San Jose lithium project is being developed in open-pit mining.
Current corporate information and press releases from Millennial Lithium (https://www.resource-capital.ch/en/companies/millennial-lithium-corp.html).
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