The global energy transition requires raw materials

In Germany, the energy supply and the economy are to become more sustainable. This requires a change in energy, i.e. nuclear and fossil fuels must be replaced by renewable energies. Some calculations suggest that more copper will be needed in the next 30 years than in the entire past. For example, there are around 15 tonnes of copper in an offshore wind turbine. Other raw materials that are likely to be in high demand in the coming years are cobalt, zinc, nickel and silver. Strong demand for almost all industrial metals is coming not only from China. At the same time, however, production is falling and so are the ore grades in the properties.

In addition, many projects are located in countries such as Peru, Congo or Indonesia, where geopolitical problems are possible. The increasing number of electric vehicles will also make an important contribution to reducing emissions. These have lithium as a main component in their batteries. Lithium is also used in laptops and smartphones. After Australia, Chile is the largest producer here. Future growth in demand will come primarily from China.

Adjacent to China is Mongolia and there, strategically located, is ION Energy – https://www.youtube.com/watch?v=FpvLzzNsJ1A – with its Baavhai Uul and Urgakh Naran lithium projects. These are the largest exploration licenses available in Mongolia. ION Energy is thus operating in a mining-friendly country.

In Argentina, Millennial Lithium – https://www.youtube.com/watch?v=N0FElXWa4Nk – owns the Pastos Grandes lithium project, thus more than 20,000 hectares of land in the middle of the prospective lithium triangle. Negotiations are ongoing as Millennial Lithium’s common shares are to be acquired.

Current company information and press releases from Millennial Lithium (- https://www.resource-capital.ch/en/companies/millennial-lithium-corp/ -).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

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