Electric vehicles are worthwhile – lithium still in high demand

The triumph of e-cars is set to continue. Because even if the state subsidy is missing, manufacturers are usually accommodating and provide compensation. Forecasts that growth in new registrations in Germany, Norway and Sweden will not change this. This means that the demand for lithium will continue to rise, because without lithium there can be no lithium-ion batteries. And there are also countries that are predicted to see growth in new registrations of electric vehicles in 2024. These include France, the United Kingdom and Belgium, for example. The largest lithium-producing country is Australia. Chile and China are also important in the production of this coveted raw material.

Argentina is also one of the major producers. Chile is number one in terms of lithium reserves, followed by Australia, Argentina and China. Other important lithium deposits exist in the USA, Canada, Zimbabwe and Brazil. Lithium-ion batteries are not only ensuring the success of e-mobility. A growing number of rooftop solar systems and the increasing number of applications in portable devices, from robotic lawnmowers to cell phones and games consoles, make use of rechargeable batteries. And producing electricity yourself using photovoltaic technology makes sense, especially in this country. After all, electricity is the third most expensive in Germany compared to other EU countries. Only in Belgium and Liechtenstein is electricity even more expensive than in Germany. Many countries, such as Austria, Spain and Poland, pay significantly less.

If you want to bet on lithium, you can do so with Targa Exploration – https://www.commodity-tv.com/ondemand/companies/profil/targa-exploration-corp/ -, for example. The projects are located in Quebec, Saskatchewan, Manitoba and Ontario and cover more than 412,000 hectares of land.

US Critical Metals – https://www.commodity-tv.com/ondemand/companies/profil/us-critical-metals-corp/ – also owns lithium, as well as rare earths and cobalt in its projects. These are located in Nevada, Montana and Idaho.

Current company information and press releases from U.S. Critical Metals (- https://www.resource-capital.ch/en/companies/us-critical-metals-corp/ -).

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