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
and Li metal

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