Markets

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 – https://www.youtube.com/watch?v=5lyDd4I_tWQ&t=8s – 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 – https://www.youtube.com/watch?v=4W5DSDTbITo&t=10s – 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 (- https://www.resource-capital.ch/de/unternehmen/millennial-lithium-corp/ -) and Canada Nickel Company (- https://www.resource-capital.ch/de/unternehmen/canada-nickel-company-inc/ -).

In accordance with Section 34 of the WpHG, I would like to point out that partners, authors and employees can hold shares in the respective companies addressed and that there is therefore a possible conflict of interest. No guarantee for the translation into German. Only the English version of these messages applies.

Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be assumed for damage caused by using this blog. I would like to point out that stocks and especially warrant investments are generally associated with risk. The total loss of the capital employed cannot be ruled out. All information and sources are carefully researched. However, no guarantee is given for the correctness of any content. Despite the greatest care, I expressly reserve the right to make an error, particularly with regard to figures and rates. The information it contains comes from sources that are believed to be reliable, but in no way claims to be correct or complete. Due to court judgments, the content of linked external pages is jointly responsible (e.g. Hamburg Regional Court, in the judgment of May 12, 1998 – 312 O 85/98), as long as no express distancing is made. Despite careful control of the content, I assume no liability for the content of linked external sites. The respective operators are solely responsible for their content. The disclaimer of Swiss Resource Personal-Financial.com AG also applies: https://www.resource-capital.ch/de/disclaimer-agb/

Note: PERSONAL-FINANCIAL.COM publishes analyzes, columns and news from various sources in this section. PERSONAL-FINANCIAL.COM AG is not responsible for content that is recognizably posted by third parties in the “News” area of ​​this website and does not adopt it as its own. This content can be identified in particular by a corresponding “from” mark below the article heading and / or by the link “To read the full article, please click here.”; The named third party is solely responsible for this content.

Tags

Related Articles

Back to top button
Close
Close