VUL 2.91% $5.01 vulcan energy resources limited

German impacts, page-419

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    Habeck authority warns - lithium shortage threatens electric car targets
    https://www.spiegel.de/auto/elektroautos-bundesanstalt-fuer-geowissenschaften-und-rohstoffe-warnt-vor-lithium-engpass-a-9c2d65fb-a261-42ee-89de-56586f8cf08e

    Quotes: "A shortage of lithium is threatening the switch to electric cars - the German Federal Institute for Geosciences and Natural Resources (BGR) reckons so, as the "Handelsblatt" reports. Although the metal used in batteries is basically abundant worldwide, mining projects are delayed, it said."

    "In part, governments blocked the rapid development of additional deposits, and in part there was a lack of private capital to develop the deposits. According to the newspaper, other companies and specialist organizations share this assessment by the authority. It is part of the German Ministry of Economics, led by Vice Chancellor Robert Habeck (Greens)."

    "Currently, the national governments are coordinating their positions on this, in the coming days and weeks negotiate with the European Parliament and the EU Commission on this."

    "Specifically, BGR expects global demand for lithium for batteries to grow to between 316,000 and more than 550,000 metric tons per year by 2030. Of that, about 90 percent would be needed for lithium-ion batteries installed in electric cars. There would then be a shortage of up to 300,000 metric tons of lithium per year. In 2020, according to the report, 82,000 tons of lithium were produced worldwide."

    Any translation with deepl.com.

    https://www.deutsche-rohstoffagentur.de/DE/Gemeinsames/Oeffentlichkeitsarbeit/Pressemitteilungen/BGR/DERA/dera-bgr-2022-06-24_pm_dera-stellt-ergebnisse-der-rohstoffrisikobewertung-lithium-vor.html
 
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