Last year, lithium reached record prices, and an exploration boom was the result.
There are currently about 410 active lithium projects in Canada, of which about 35 percent are still in very early stages, according to Mining Intelligence. About a quarter of the lithium projects are in advanced stages. Most lithium projects are located in Quebec, followed by Ontario.
Investors who deal with lithium are always interested in the lithium price. In 2013, a ton of lithium cost an average of around 4,400 US dollars per ton. In 2018, a ton of the white gold cost 16,500 US dollars per ton. Today, the question is whether lithium prices will stabilize at around 26,000 U.S. dollars per ton, because lithium prices had to give way significantly. This is supported by the fact that the sales figures for electric cars are rising. Also, producers from China could perhaps reduce production to counteract the relatively low lithium prices. China, a major lithium consumer, saw a lithium carbonate price of around $90,000 per ton in November 2022.
Then the price went downhill. That's because sales of electric vehicles weakened, while at the same time the supply of lithium increased. But now sales figures in the Middle Kingdom are rising again. Industry experts predict a spot price for lithium carbonate of around 25,000 US dollars per ton for the third quarter of 2023. So the lithium price is suffering from volatility. In the long term, and most industry experts also agree on this, the outlook for lithium is very good. Electromobility will continue to gain ground. This can be seen in subsidies and bans on internal combustion engines both in Europe and in the USA. If you want to bet on lithium, you should look at companies with lithium in the projects like Gama Explorations or Targa Exploration.
Gama Explorations - https://www.commodity-tv.com/ondemand/companies/profil/gama-explorations-inc/ - has lithium, nickel and copper in its projects. They are located in the Northwest Territories (lithium) and Quebec (nickel). There is also a copper-gold project in British Columbia.
Targa Exploration - https://www.commodity-tv.com/ondemand/companies/profil/targa-exploration-corp/ - has added three lithium projects to its Quebec projects.
Current corporate information and press releases from Gama Explorations (- https://www.resource-capital.ch/en/companies/gama-explorations-inc/ -).
Bildquelle: https://stock.adobe.com/de/
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.
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 accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/
There are currently about 410 active lithium projects in Canada, of which about 35 percent are still in very early stages, according to Mining Intelligence. About a quarter of the lithium projects are in advanced stages. Most lithium projects are located in Quebec, followed by Ontario.
Investors who deal with lithium are always interested in the lithium price. In 2013, a ton of lithium cost an average of around 4,400 US dollars per ton. In 2018, a ton of the white gold cost 16,500 US dollars per ton. Today, the question is whether lithium prices will stabilize at around 26,000 U.S. dollars per ton, because lithium prices had to give way significantly. This is supported by the fact that the sales figures for electric cars are rising. Also, producers from China could perhaps reduce production to counteract the relatively low lithium prices. China, a major lithium consumer, saw a lithium carbonate price of around $90,000 per ton in November 2022.
Then the price went downhill. That's because sales of electric vehicles weakened, while at the same time the supply of lithium increased. But now sales figures in the Middle Kingdom are rising again. Industry experts predict a spot price for lithium carbonate of around 25,000 US dollars per ton for the third quarter of 2023. So the lithium price is suffering from volatility. In the long term, and most industry experts also agree on this, the outlook for lithium is very good. Electromobility will continue to gain ground. This can be seen in subsidies and bans on internal combustion engines both in Europe and in the USA. If you want to bet on lithium, you should look at companies with lithium in the projects like Gama Explorations or Targa Exploration.
Gama Explorations - https://www.commodity-tv.com/ondemand/companies/profil/gama-explorations-inc/ - has lithium, nickel and copper in its projects. They are located in the Northwest Territories (lithium) and Quebec (nickel). There is also a copper-gold project in British Columbia.
Targa Exploration - https://www.commodity-tv.com/ondemand/companies/profil/targa-exploration-corp/ - has added three lithium projects to its Quebec projects.
Current corporate information and press releases from Gama Explorations (- https://www.resource-capital.ch/en/companies/gama-explorations-inc/ -).
Bildquelle: https://stock.adobe.com/de/
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.
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 accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/
