Everyone rushes to the white gold

Green energies such as solar or wind power need powerful electricity storage systems; that is in the nature of solar and wind power. For the foreseeable future, there will also be no substitute for lithium-ion batteries, which are in high demand. Likewise, electric vehicles, whose sales are steadily increasing, rely on the batteries. No wonder, then, that lithium is in hot demand and is known as the white gold. Lithium projects are therefore in demand and takeovers are making headlines in the lithium industry. In Finland, for example, the government is supporting lithium production. US$7.9 million is being raised by the Finnish government to support Keliber’s construction of a lithium chemical plant at Kokkola Industrial Park. The money is to be used for technology "that significantly improves environmental protection in lithium hydroxide production and also enables the use of a side stream from production."

What is interesting in this context is that a mining company that actually owns gold as well as platinum and palladium projects, namely Sibanye-Stillwater – https://www.youtube.com/watch?v=0HlxiXfWcus – holds more than a quarter of Keliber. However, Sibanye-Stillwater has been focused on gaining a foothold in the battery metals sector for some time. Like many others, the company has probably recognized the opportunities that exist in this area.

In terms of acquisitions, Millennial Lithium recently made a splash. Lithium Americas will acquire all of Millennial Lithium’s shares. For investors invested in Millennial Lithium, this arrangement should prove lucrative.

Current corporate information and press releases from Sibanye-Stillwater (- https://www.resource-capital.ch/en/companies/sibanye-stillwater-ltd/ -) and Millennial Lithium (- https://www.resource-capital.ch/en/companies/millennial-lithium-corp/ -).

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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