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Swiss Resource Capital AG Poststrasse 1 9100 Herisau, Switzerland http://www.resource-capital.ch
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Energy storage systems need lithium

It is impossible to imagine our world without lithium-ion batteries. Lithium is therefore in great demand

(PresseBox) (Herisau, )
In the past, lithium was used mainly for glass and ceramics, as well as for greases, powders and industrial applications. In the transition from fossil fuels today, the raw material lithium plays an important role. Technological developments, lower costs and continued political support are driving this development. Installations are also expected to increase from about ten GWh today to about 500 GWh by 2030. This will result in a huge demand for lithium. Added to this is the demand from the electric vehicle sector.

Battery sizes are expected to continue to grow, and range is now an important issue for buyers. Between January 2021 and June 2022, the price of lithium has risen from $6,750 per ton to a good $68,000. To bridge the gap between supply and demand, new types of extraction techniques are emerging, such as extracting lithium from clay deposits. In Nevada, for example, there is Cypress Development - https://www.youtube.com/watch?v=9UyTvZ8scHI&t=30s - a company that wants to extract the lithium in clay deposits and is developing the Clayton Valley Lithium Project there. Even if lithium prices ease or stabilize in the short term, in the longer term it will remain a commodity in high demand. Alpha Lithium - https://www.youtube.com/watch?v=9d-nsnTk4ZY&t=7s - wants to start producing lithium in Argentina in the famous Lithium Triangle soon.

Current corporate information and press releases from Alpha Lithium (https://www.resource-capital.ch/de/unternehmen/alpha-lithium-corp/ ) and Cypress Development (https://www.resource-capital.ch/de/unternehmen/cypress-development-corp/ ).

In accordance with §34 of the German Securities Trading Act (WpHG), I would like to point out that partners, authors and employees may 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 this news is valid.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.