Lithium demand will rise steeply

According to UBS, lithium demand will increase tenfold to around 5.8 million tons of lithium by 2030. This is because electric vehicles alone will gobble up 4.9 million tons of lithium by 2030. An important point here is the average battery size, which will account for the enormous lithium consumption. An estimated 22 percent of vehicles on the road will be electric by 2025, and about 54 percent by 2030. Lithium demand is calculated using the formula global electric vehicle sales x average battery size. Key drivers for growing electromobility are government incentives, increased investment by leading automakers and OEMs (in OEMs, product manufacturers and marketers of the same product are different companies), as well as cost reductions in electric driving and the increasing number of car models.

According to a survey conducted by UBS Evidence Lab, car buyers would prefer to buy an electric car if the price and specifications were the same. The Chinese are the most likely to opt for an electric car, but the appetite for this environmentally friendly form of driving is also growing in Europe and Korea. Key factors are still the purchase price, range and charging stations. Range is mostly at the forefront of buyers‘ minds, and in this area, battery size is expected to increase about 1.5 times by 2030. And not only the automotive industry, but also energy storage systems in conjunction with renewable energy need lithium. The future for companies with lithium projects like ION Energy or Alpha Lithium should therefore look bright.

ION Energy – https://www.youtube.com/watch?v=M9G_h_6RzJk – is active in two lithium projects in Mongolia. The deposits contain high-grade lithium and Mongolia is mining friendly.

Alpha Lithium – https://www.youtube.com/watch?v=xpf-56YHSy0&t=7s – also has very high-grade lithium in the Lithium Triangle in Argentina. Production is expected to start soon.

Current corporate information and press releases from Alpha Lithium (-  https://www.resource-capital.ch/en/companies/alpha-lithium-corp/ -).

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