Transport sector to become climate neutral
Energy generation via fossil fuels must be reduced. A largely climate-neutral transport sector can be achieved with the help of electric mobility. Electricity from sun and wind is the means of choice. In Germany, the demand for electric cars has risen significantly in 2020. The number of climate-friendly cars has doubled compared to the same period last year. The reasons for this are the increased subsidies and the often favorable conditions offered by manufacturers.
The automotive industry is thus facing a new order. This requires raw materials and rare earths. A shortage of battery raw materials such as lithium or cobalt cannot be ruled out. Most of the cobalt comes from the Congo and therefore poses problems. But there are companies outside the Congo that have the valuable raw materials in their projects.
The Canada Nickel Company - https://www.commodity-tv.com/ondemand/companies/profil/victoria-gold-corp/?id=88&tx_kesearch_pi1%5Bsword%5D=canada+nickel - owns nickel and cobalt in its Crawford project in Canada, Ontario, which provides raw materials to supply the fast-growing electric vehicle market. Nickel is also urgently needed and, like cobalt, is exposed to an increasing political risk. Indonesia dominates the nickel market.
The second decisive raw material is lithium. Experts agree that the lithium sector is only at the beginning of an enormous growth and that a gap in supply is to be expected by 2021 at the latest.
This is where Millennial Lithium - https://www.commodity-tv.com/play/research-news-with-millennial-lithium-corvus-gold-and-mag-silver/ - comes in with its two lithium projects in the Argentinean lithium triangle. The feasibility study for the Pastos Grandes project showed robust economics. This allows the best battery quality (around 24,000 tons per year) to be produced.
Current company information and press releases from Millennial Lithium (https://www.resource-capital.ch/de/unternehmen/millennial-lithium-corp/) and Canada Nickel Company (https://www.resource-capital.ch/de/unternehmen/canada-nickel-company-inc/).
In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the companies addressed in each case and that there is therefore a possible conflict of interest. No guarantee for the translation into German. Only the English version of this news is valid.
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