Lithium – the white gold

Lithium is a sought-after raw material for electric vehicle batteries.

For a long time, three large companies (Albemarle, Sociedad Quimica y Minera de Chile, FMC) produced the most lithium. Overall, the market share of the big three lithium producers has gone down from 85 to 53 percent. Today, a lot of lithium also comes from China, and the list of the world’s top lithium miners has changed. In 2020, most lithium was produced in Australia, Chile and third place China. As the demand for electric vehicles increases, so does the demand for lithium.

Lithium is a light metal, and experts believe that demand will exceed supply. There will be around 500 electric car models worldwide next year. And the number of registrations continues to rise relentlessly. Lithium can be used to reduce the weight in lithium-ion batteries. It also provides long life and the ability to be recharged. The battery pack in an average electric car weighs around 20 kilograms, and a Tesla S even has around 50 kilograms of lithium carbonate. Lithium is also built into smartphones and wireless home and garden appliances. As with electric vehicles, there is still growth potential here. Since experts predict that the demand for lithium will triple by 2024, a look at companies with lithium in their projects should not be missed.

First of all, there is Millennial Lithium -. Its shareholders can look forward to a significant premium on the share price, because the Chinese Ganfeng will take over all common shares of Millennial Lithium.

There is also lithium in Mongolia, namely in ION Energy’s – Baavhai Uul and Urgakh Naran projects.

Current company information and press releases from Millennial Lithium (- -).

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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