Good prospects for battery and automotive raw materials

Experts expect demand from the automotive sector to recover, as will industrial demand. Demand for platinum and palladium should therefore accelerate. Asia and China in particular are acting as drivers; in addition, the Western countries should also provide demand, as the economy in the EU and the USA is proving better than expected a few months ago. As platinum is mainly needed for the green energy transition and in the hydrogen industry, the outlook for platinum is probably better than for palladium. In any case, the supply of critical and strategic raw materials is an issue that economies can no longer ignore. According to the World Platinum Investment Council, a supply deficit is expected on the platinum market until 2027, according to forecasts.

One of the most important raw materials is lithium for lithium-ion batteries. Because lithium is the main component of rechargeable batteries, whether cars or cell phones. According to IMF estimates, lithium (along with cobalt) will claim the largest consumption growth among battery metals by 2050. According to the International Energy Agency, the goals of the Paris Agreement will ensure extremely rising lithium demand. With some industry experts expecting supply shortages of battery metals as early as 2024, investors should also familiarize themselves with lithium companies.

There is Alpha Lithium – https://www.commodity-tv.com/play/alpha-lithium-is-building-a-pilot-plant-found-a-fresh-water-source-wants-to-expand-hombre-muerto/ -, for example. In the famous lithium triangle, in Argentina, the company owns two very promising lithium projects.

Sibanye-Stillwater – https://www.commodity-tv.com/play/sibanye-stillwater-strong-outlook-for-2023-with-diversified-metal-production/ -, for example, focuses on platinum and palladium and other battery metals. The company also produces gold in addition to platinum and palladium. The projects are located in the USA and in Africa.

Current corporate information and press releases from Alpha Lithium (- https://www.resource-capital.ch/en/companies/alpha-lithium-corp/ -) and Sibanye-Stillwater (- https://www.resource-capital.ch/en/companies/sibanye-stillwater-ltd/ -).

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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