Lithium – in use every day

Lithium is a metal, silvery white and of crucial importance for electromobility. In short, the lithium-ion battery works by moving ions from the alkali metal from one pole to the other. In every household there are technical devices besides cell phones or laptops that contain the metal. They are wireless, have a lithium-ion battery. Due to the increasing number of electric cars, the demand for lithium is expected to increase fivefold by 2055. Dependence on countries that have lithium or even rare earths in the ground is not welcomed.

Europe is also focusing on developing important raw material sources in order to become more independent. For example, a large Gigafactory was recently inaugurated in France, the first battery cell factory there. But here, too, the dependence on China is apparent. Almost all machines come from China, including possible spare parts.

Also in France, a lithium mine is to be built by 2027 and will then supply domestic lithium, one of the largest lithium mines in Europe. Lithium is currently being mined at around ten locations in Europe. Almost half of the global lithium supply comes from Australia, about 35 percent from salt lakes in South America, and the rest from China and other countries. Famous are underground salt lakes in the lithium triangle of Argentina, Chile and Bolivia. It takes about two years for the pumped-up brine to evaporate in large basins and for lithium to be extracted from it.

Alpha Lithium – https://www.commodity-tv.com/ondemand/companies/profil/alpha-lithium-corp/ – is developing two prospective lithium projects in Argentina.

In Canada, in Quebec and Manitoba, Targa Exploration – https://www.commodity-tv.com/ondemand/companies/profil/targa-exploration-corp/ – is working on lithium projects. In addition, there are now commitments in lithium projects in Ontario and Saskatchewan through an acquisition.

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

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