Don’t forget nickel and lithium

Lithium-ion batteries will be the ultimate in electromobility for at least the next ten years. Lithium and nickel are included.

According to the International Energy Agency (IEA), new technologies that could compete with the current lithium-ion batteries are not expected until 2030 at the earliest. But these potential energy storage media, such as lithium-sulfur, lithium-metal solid-state batteries, also often contain lithium. The experts expect a significant increase in demand for lithium.

This is likely to include lithium companies such as Millennial lithium – – Make someone happy. Millennial Lithium, well financed, is working flat out on the Pastos Grandes lithium project in Argentina. The project will soon deliver around 24,000 tons of lithium in the best battery quality.

The storage batteries required in electromobility contain lithium and cobalt as well as gold and silver, albeit in small quantities. Nickel is also a building block, and an important one. Nickel, which is also used in the steel industry, is estimated to be in demand around six times as often in the next decade as it is today. Nickel makes up the largest part of batteries in Tesla vehicles.

A ton of nickel costs around $ 14,400 per ton, so it is an expensive raw material. And already there is fear that there could be a shortage in the supply of nickel. The Canada Nickel Company could help here.

The Canada Nickel Company – – owns both nickel and cobalt in the projects, with the Crawford nickel-cobalt project in Ontario being the flagship project – after all, the twelfth largest nickel project worldwide.

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

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