Copper and lithium for the energy transition

The Maldives are only just above sea level. Now a floating city is being built near the capital Malé. Around 20,000 islanders are to find a new home there, including solar energy generated there. In this country, there is a push to increase renewable energy. Copper is necessary for this, because without the reddish metal there are no alternatives to fossil fuels. Whether wind turbines or electromobility, these industries need copper with increasing tendency. One wind turbine already contains more than four tons of copper. At present, weak US economic data and the strong US dollar are weighing on copper as a raw material. The metal markets are therefore currently suffering from concerns about a global recession. But from a fundamental point of view, the copper price should recover significantly and be quoted above 10,000 US dollars per ton in a few years at the latest.

Lithium is also in demand, and the trend is upward. There is even a threat of deficits here, which could make it difficult to increase production for electric vehicles. Often, as with lithium, there is a dependence on China. And governments tend to impose high taxes on critical raw materials, such as in Serbia or Latin America. The situation is different in Canada, where the mining of raw materials for green energy is viewed positively. One region with very good conditions for mining companies is Mongolia.

There, lithium is available at ION Energy’s – https://www.youtube.com/watch?v=1sQzQCux6_c – Baavhai Uul (more than 80,000 hectares) and Urgakh Naran (nearly 20,000 hectares) projects.

Copper owns Hannan Metals – https://www.youtube.com/watch?v=d24jQVrtkKE – in Peru, for example, and is one of the largest landowners there. The focus is on copper, along with gold and silver.

Current corporate information and press releases from Hannan Metals (- https://www.resource-capital.ch/en/companies/hannan-metals-ltd/ -).

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