Zinc - perhaps soon a battery raw material
The demand for zinc will continue to grow, thinks industry giant Glencore. Because zinc helps in the conversion of energy and mobility. Especially in developing countries with up-and-coming middle classes, there will be a demand for more vehicles, especially electric vehicles with better quality. Rust protection is available in around 80 percent of Australian and American vehicles. In India and China, rust protection rates are only 15 to 20 percent. So, there could be a great need for zinc here. Zinc can also be used for transport and infrastructure projects and as fertilizer.
Meanwhile, work is being done on zinc-air accumulators. In addition to "galvanizing", i.e. corrosion protection with the help of zinc, the metal could become an inexpensive component of batteries due to its physical and electrochemical properties. But for the time being, this development is still in the research stage. Large zinc deposits are located in China, Australia, Canada and Namibia.
In Canada, Osisko Metals owns the two main zinc mining camps, the Pine Point Mining Camp (Northwest Territories) and the Bathurst Mining Camp (New Brunswick): https://www.commodity-tv.com/play/osisko-metals-excellent-base-metal-explorer-in-canada/. The Pine Point Project covers more than 46,000 hectares of land and has significant potential for expansion.
Another important raw material that is increasingly being used for electric vehicles, more so than in conventional vehicles, is copper. At around 6,800 US dollars per ton of copper, the price is around 1,000 US dollars higher than the price that had to be paid for the industrial metal just a year ago. Aurania Resources, for example, is focusing on copper (and also silver and gold) with its exciting The Lost Cities-Cutucu project in the Andes in Ecuador: https://www.commodity-tv.com/play/aurania-resources-start-of-an-aggressive-36000m-drill-program-in-several-areas/. Drilling is underway and results will be available around early November.
Recent corporate news and press releases from Osisko Metals (https://www.resource-capital.ch/en/companies/osisko-metals-inc/) and Aurania Resources (https://www.resource-capital.ch/en/companies/aurania-resources-ltd/).
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