The lithium business resembles a gold mine

So, there is lithium in the Ore Mountains. Whether Musk actually wants to participate in the extraction of the battery raw material remains to be seen. The fact is that manufacturers of electric vehicles and lithium-ion batteries absolutely need lithium. Zinnwald, a cross-border deposit on the Czech border, is home to one of the largest lithium deposits in Europe. And Musk will need a lot of lithium for his Gigafactory in Grünheide, just like all vehicle manufacturers who are focusing on electromobility. By 2035, it is estimated that about twice the current lithium production will be needed (Fraunhofer Institute, Saxony Ministry of Economics). And in times of supply chain problems, the supply of the battery metal is a particular focus, especially in terms of independence from foreign sources.

Research into lithium deposits in the Ore Mountains began back in 2010, and around 125,000 tons of the metal are said to be lying dormant here. This could supply up to 20 million electric cars. Electromobility is a long-term trend from which even smaller lithium companies can benefit. Particularly high-grade lithium can be found in the Lithium Triangle.

There in Argentina, for example, Alpha Lithium – https://www.youtube.com/watch?v=qwQHXVfmBy4 -, a financially very well positioned company with the projects Salar del Hombre Muerto and Tollilar Salar is busy with drilling programs.

If you look more at technologies in the lithium sector, you can’t avoid Li-Metal – https://www.youtube.com/watch?v=D2WvBpSM0ws . The company develops high-performance batteries of the next generation. Lithium metal anodes are the focus. Li-Metal has an anode production facility in New York. Construction of a metal production facility in Ontario has been completed.

Current company information and press releases from Alpha Lithium (- https://www.resource-capital.ch/en/companies/alpha-lithium-corp/ -) and Li-Metal (- https://www.resource-capital.ch/en/companies/li-metal-corp/ -).

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