Where lithium, the white gold, comes from

Northern Chile is famous for its lithium deposits. The three salars of the Atacama Desert contain plenty of lithium. Lithium mining requires a lot of water, which is not so easy to obtain in the desert. And many indigenous groups live close to the salt lakes, in some cases only around 30 kilometers away, and are therefore affected by the mining of the raw material. Companies and the government are doing a lot, for example in social projects or medical care, to secure the goodwill of the inhabitants there. For example, irrigation systems for agriculture or photovoltaic systems for electricity production are being set up. The aim is to turn a rather tense relationship between the mining industry and the indigenous population into one of coexistence.

But lithium can also be found in less problematic regions. For example, in British Columbia, Manitoba, Ontario, Saskatchewan and Quebec.

Targa Exploration – https://www.commodity-tv.com/… – is working on its lithium projects here. The Opinaca project in Quebec with around 85,000 hectares is particularly appealing.

Century Lithium – https://www.commodity-tv.com/… – has the promising Clayton Valley lithium project in Nevada. The material is currently being tested there and the company is working on finalizing the feasibility study.

There is no substitute for lithium in the foreseeable future. The number of electric cars is increasing, as are the ranges that can be achieved. For example, an electric vehicle with a range of 1000 kilometers is due to be launched on the market in China next month. Lithium companies will therefore continue to have sufficient customers for their lithium for a long time to come. Not least because many countries want to reduce their dependence on China in the lithium sector. After all, China controls around a third of the world’s lithium deposits.

Current company information and press releases from Century Lithium (- https://www.resource-capital.ch/… -).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

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