China will ensure demand for raw materials

China’s ambitions are great. The gross national product should be twice as large as it is today by 2035.

So China expects an average annual growth of 4.8 percent. The deliberations for the 14th five-year plan are currently causing a stir. Important items on the agenda are the promotion of industrial modernization, strong developments in technology and also a reduction in CO2 emissions.

China is currently a country with a higher middle income. A doubling of economic output or per capita income seems realistic, experts can believe. Growth is the goal of the Chinese leadership. To this end, investments should also be made in new infrastructure, new urbanization and major projects. Environmental protection and electromobility are also an issue, as is the aerospace industry and artificial intelligence.

This growth sought by China will go hand in hand with an increased demand for raw materials. Lithium is one of the most sought-after raw materials for modern electric vehicles. Rechargeable batteries need the metal and also with a high degree of purity. Tesla boss Elon Musk is also planning to play a role in lithium production in the future, given the enormous need for lithium.

Lithium in the best quality is for example Millennial lithium – – from its Pastos Grande lithium project and the nearby second project in Argentina.

Another important raw material, which Elon Musk also knows (“Nickel will be the new gold”), is nickel. Electric cars and the growing stainless steel market need nickel.

This nickel owns the Canada Nickel Company – – in Ontario at its Crawford Nickel-Cobalt Sulphide Project. Incidentally, cobalt is also one of the essential battery metals.

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

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