China secures lithium deposits

A race has broken out to obtain the lithium needed for the rapidly increasing demand for batteries. Lithium is essential for electromobility. According to estimates, China could control a third of global lithium deposits by 2025. The country is particularly eyeing Africa and Latin America. Germany and Europe are dependent on the Chinese. About 97 percent of the lithium for the EU today comes from China. And lithium demand will increase by an estimated 17 percent per year by 2050. The formation of a lithium cartel similar to OPEC is already being considered. Africa currently produces only about 40,000 tons of lithium, but that figure is expected to rise to 500,000 tons by 2030. Lithium-ion batteries are increasingly conquering everyday life. And things are also happening in terms of ship travel, for example. In 2030, for example, an all-electric cruise ship will sail Hurtigruten, equipped with a huge 60-megawatt battery. So, it’s no wonder that the demand for lithium is increasing.

This can make the future greener and reduce emissions. In addition to lithium, modern technologies also need rare earths and nickel. This is because nickel is not only used in alloys and in the steel industry, but also in various lithium-ion batteries, for example for telephones and computers, and also in hybrid vehicles.

Raw materials such as rare earths, nickel and lithium are found in Green Shift Commodities‘ – https://www.commodity-tv.com/ondemand/companies/profil/green-shift-commodities-ltd/ – projects in Colombia and Argentina, for example. Uranium, phosphate and vanadium are also included.

Lithium is the focus of Gama Explorations – https://www.commodity-tv.com/ondemand/companies/profil/gama-explorations-inc/ – in Quebec and the Northwest Territories. Copper and nickel are also on board here.

Latest corporate information and press releases from Gama Explorations (- https://www.resource-capital.ch/en/companies/gama-explorations-inc/ -).

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