Lithium industry faces major challenges

According to estimates, around 116 billion US dollars will have to be invested in the lithium sector over the next seven years. This is the only way to achieve the goals of the car producers. A lithium deficit is forecast from 2027. Albemarle, the world’s largest lithium producer, has already acquired additional early-stage lithium projects. Saudi Arabia, for example, is now also stepping up its efforts to mine battery minerals.

The cathode market is also approaching a deficit; at least for certain cathode chemicals, the deficit has already occurred. Currently, the EU and the US have little production capacity. And the market for electric vehicles is booming. In Germany, almost 1.9 million cars are now electric, 59 percent more than last year. In China, around 6.5 million electric vehicles are on the road. China accounts for around 60 percent of new registrations of electric cars worldwide. The reason for this is the lure of subsidies and low prices.

The number of new registrations in Norway is strikingly high. There, almost 80 percent were equipped with an electric or plug-in hybrid drive in 2022. Globally, the trend toward sustainable mobility is strong. Germany’s goal of having around 15 million electric vehicles populating the roads by 2030 will only succeed if registration figures roughly double. According to forecasts by the International Energy Agency, there will be more than 200 million electric cars by 2030.

It is good that there are companies that provide the necessary supply of raw materials, such as Alpha Lithium – https://www.commodity-tv.com/ondemand/companies/profil/alpha-lithium-corp/ – or Century Lithium – https://www.commodity-tv.com/ondemand/companies/profil/century-lithium-corp/ -. In Argentina, Alpha Lithium is developing two high-quality lithium projects. In Nevada Century Lithium owns the Clayton Valley Lithium Project, where the first production has already taken place successfully.

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

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