Recently, the International Seabed Authority (ISA) had met once again.
It was the 28th meeting of the ISA, held in Kingston, Jamaica, the location of the organization, and lasted five days. The seabed has been of interest to resource companies for quite some time, because there are manganese nodules there that contain copper, nickel or cobalt. On the one hand, it is a matter of protecting the marine environment; on the other hand, raw materials that secure the green future are in great demand because they are in short supply. The energy transition requires large quantities of raw materials, but rules for global deep-sea mining are still lacking. But once again, important decisions have not been made by the ISA and its 36 member states. So deep-sea mining of raw materials remains unresolved. Even Germany, by the way, can call exploration areas in the Pacific its own.
Electromobility is growing, and so are renewable energies. 2022 is considered a record year in terms of wind, water and solar energy. This gobbles up cobalt, lithium or nickel. According to the IEA, shortfalls in critical raw materials on the supply side are the result. To store green energy, lithium in batteries in particular is a raw material where supply needs to be expanded. That means new lithium deposits are needed. In addition, lithium is an indispensable component in electric vehicles. Hopes for supply are therefore based on the lithium triangle, for example Argentina, because high-quality lithium is available there. So as long as the questions of mining on the seabed have not been clarified and there are fears that possible damage to the seabed may hardly be reversible, the lithium must come from proven sources on land. For example, from Argentina.
There, Alpha Lithium - https://www.commodity-tv.com/ondemand/companies/profil/alpha-lithium-corp/ - is working on the development of two high-quality lithium projects.
There is also lithium in mining-friendly Mongolia. ION Energy - https://www.commodity-tv.com/ondemand/companies/profil/ion-energy-ltd/ - is active there. Two lithium projects are in focus. Both companies are well positioned to meet the increased global demand for lithium.
Current corporate information and press releases from Alpha Lithium (- https://www.resource-capital.ch/en/companies/alpha-lithium-corp/ -).
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