Lithium business is like a gold mine ()

That’s what Elon Musk thinks. Now there are rumors that he wants to participate in lithium mining in the Eastern Ore Mountains

So in the Ore Mountains there is lithium. Time will tell if Musk really wants to participate in the promotion of battery raw material. The fact is, lithium-ion manufacturers absolutely need lithium. One of the largest lithium deposits in Europe is located in the Zinnwald, a cross-border deposit on the Czech border. And Musk will need a lot of lithium for his Gigafactory in Grünheide, as will all vehicle manufacturers who rely on electromobility. It is estimated that by 2035 about double the current lithium production will be required (Fraunhofer Institute, Saxony Ministry of Economy). And in times of supply chain problems, the supply of metal to batteries is especially important, especially in terms of independence from foreign sources.

Research on lithium deposits in the Ore Mountains began in 2010. About 125,000 tons of metal are said to be dormant here. This could supply up to 20 million electric cars. Electromobility is a long-term trend that smaller lithium companies can also benefit from. There is especially high-quality lithium in the lithium triangle. In Argentina, for example, Alpha Lithium, a financially sound company on the Salar del Hombre Muerto and Tollilar Salar projects, is busy with drilling programs. If you take a closer look at the technologies in the lithium sector, you can’t ignore Li-Metal. The company develops a new generation of high-performance batteries. The focus is on lithium metal anodes. Li-Metal has an anode manufacturing facility in New York. Construction of a metal manufacturing facility in Ontario has been completed.

Current company information and press releases for Alpha Lithium
(https://www.resource-capital.ch/de/unternehmen/alpha-lithium-corp/)
and Li metal
(https://www.resource-capital.ch/de/unternehmen/li-metal-corp/).

Pursuant to § 34 WpHG, I would like to point out that partners, authors and employees may hold shares in the respective companies and that a conflict of interest may arise. No guarantee for the translation into German. Only the English version of these announcements is valid.

Disclaimer: The information provided does not constitute any form of recommendation or advice. We expressly pay attention to the risks associated with trading securities. We are not responsible for any damages resulting from the use of this blog. I would like to point out that investments in equities in particular, and warrants in particular, always involve risk. A complete loss of your invested capital cannot be ruled out. All information and sources are carefully researched. However, the correctness of all content is not guaranteed. Despite the greatest care, I expressly reserve the right to errors, especially in terms of numbers and prices. Information is provided from sources believed to be reliable but does not claim to be correct or complete. Based on court decisions, liability for the content of external websites to which links lead (including the District Court in Hamburg, in the judgment of May 12, 1998 – 312 O 85/98) is divided, unless expressly provided by them distancing. Despite careful content control, I am not responsible for the content of external linked sites. The respective operators are solely responsible for their content. The liability disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/de/disclaimer-agb/.

operated by stock-world.de

Leave a Comment