VUL megathread, page-4221

Lithium boom: an insider tip with a lot of potential

Sorry the Content is in german language.
https://markteinblicke.de/182347/2022/01/lithium-boom-ein-geheimtipp-mit-viel-potenzial/

Quotes: "Lithium remains one of the most exciting and promising commodities. The price rally of the past year continued here at the start of 2022. At times in January, the price climbed above the USD 36,000 per ton mark."

"An end to the boom is not in sight, because lithium is one of the big beneficiaries of the electric car boom, where the alkali metal is used in large quantities in the production of the necessary lithium-ion battery cells."

"However, a strong increase in demand does not necessarily lead to rising prices, at least not if the supply increases in the same order of magnitude. But that is not the case with lithium. According to estimates, lithium demand could exceed global production capacities by at least 60 percent by the end of this decade."

"For this reason, the soaring lithium price is likely to continue for years to come. Lithium producers such as Albemarle, Livent and Sociedad Química y Minera (SQM) should profit massively from this development."

"Vulcan Energy Resources (WKN: A2PV3A / ISIN: AU0000066086) is still a rather small and unknown lithium producer, but with great growth potential. The Australian-German exploration company has focused on lithium deposits in Germany."

"Large lithium deposits are suspected, especially in the Upper Rhine Graben, and Vulcan Energy Resources intends to exploit this potential with the "Vulcan Lithium Project". Here, the valuable alkali metal is to be extracted from the thermal waters and processed into battery-grade lithium hydroxide."

"A corresponding pilot plant operated by Vulcan Energy Resources has already been in operation since April 2021. According to the plan, two plants will produce 15,000 tons per year by 2024. From 2025, the volume is to be ramped up to 40,000 tons per year with three additional plants."

"Some major corporations already place great trust in Vulcan Energy Resources. For example, a contract signed in November 2021 calls for carmaker Renault to purchase 26,000 to 32,000 metric tons of lithium from Vulcan over six years starting in 2026. Volkswagen, Opel parent Stellantis, recycling expert Umicore and battery supplier LG Chem are also customers."

Any translation with deepl.com.