#lithiummining

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The Lithium Mining Market will grow from USD 4.22 Billion in 2024 to USD 8.41 Billion by 2035 at 6.47% CAGR.

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Lithium Rush Drains Chile’s Atacama Wetlands

Chile’s Atacama Desert Faces Growing Strain from Global Lithium Rush

In Chile’s Atacama Desert, once-thriving wetlands are turning to dust as the world’s hunger for lithium—a key ingredient in electric car batteries—continues to surge.

On the Vega de Tilopozo, what was once a lush expanse of green has become a cracked, arid plain. Raquel Celina Rodriguez, a lifelong resident, recalls when the area teemed with vegetation and wildlife. “Before, the Vega was all green. You couldn’t see the animals through the grass. Now everything is dry,” she says, watching llamas graze over the barren land.

Her family, like many others, once relied on the fertile wetlands to raise livestock. But as rainfall dwindled and groundwater receded, survival became harder. The situation worsened, Rodriguez explains, when lithium mining companies began extracting water from beneath the salt flats.

The Atacama holds some of the largest lithium reserves on Earth, essential for powering electric vehicles, smartphones, and renewable energy storage systems. With global demand for lithium skyrocketing, the environmental toll on local ecosystems has intensified.

According to the International Energy Agency (IEA), global lithium consumption rose from 95,000 tonnes in 2021 to 205,000 tonnes by 2024, and is projected to exceed 900,000 tonnes by 2040—driven largely by the electric vehicle industry.

While the metal is critical to the world’s transition toward clean energy, local communities in northern Chile warn that the price is being paid by their land and livelihoods.

As the planet races to decarbonize, a growing question looms: Is the green revolution creating a new environmental crisis in its wake?

[autoevtimes]

Elektros Inc. Begins Lithium Mining Operations in Sierra Leone

Elektros Inc., a sustainable energy company based in Florida, has initiated a lithium mining project in southern Sierra Leone.

[wwtweets]

Lithium Mining Projects May Not Be Green Friendly Atop a long-inactive volcano in northern... Read the rest on our site with the url below https://worldwidetweets.com/lithium-mining-projects-may-not-be-green-friendly/?feed_id=8889&_unique_id=6095532427b36 #LithiumMining #LithiumMiningProjectsMayNotBeGreenFriendly

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Lithium Mining Projects May Not Be Green Friendly Atop a long-inactive volcano in northern... Read the rest on our site with the url below https://worldwidetweets.com/lithium-mining-projects-may-not-be-green-friendly/?feed_id=8888&_unique_id=609553234ce3f #LithiumMining #LithiumMiningProjectsMayNotBeGreenFriendly

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Lithium Boom! How to Make most from it?

You might have already heard about the recent ‘Lithium Boom!’. And that why you wonder what could be the best lithium mining company to invest in? But first what’s a lithium boom? What is it all about? Well, to understand that let me take you back to some history of where this all began.

EVs are better!

Now if you are aware of environmental issues, you might have heard of EVs or Electric Vehicles. Electric Vehicles are the nest big thing that the whole world is tending to prefer in future to battle with the environmental damage, air pollution and public health. Electric Vehicles are supposed to offer the better public health since they reduce the emissions that cause climate change, fog reducing the ecological damage. So, EVs are much better than the gas cars. It’s no surprise that they are becoming mainstream! Not satisfied? well, here are the Top 12 Reasons EVs are better than  Gas Cars

[Source- Bloomberg]

So, What’s Lithium Boom?

Evs are going to be much in demand, that being justified what’s all about lithium booms and investing in lithium producing companies? Well, the “Game is lithium is the most important component of Evs, batteries and lot of consumer vehicles.  Bloomberg predicts that EVs poroduction will be 100 times more than now by 2040. That being said, you can just imagine the supply required from the lithium mining companies in future. It’s predicted that to meet the demand the junior lithium mining companies will also play the Big Role. Some 2 or 3 years ago we saw spike in the meta’s value due to shortage of lithium compared to the production of EVs. The Cause of shortage was, lithium ion batteries were not just needed in the conventional laptop and mobile markets, but they had a new demand in electric vehicles market. Moreover, the demand for electric vehicles is not going to be less, rather it will be 100  times more that the current production. So, the we are going to need more lithium in future. And the major mining players like SQM, Albermale and FMC will have to supply enough of the lithium. But the truth is, these major companies can’t alone meet the new demand. so, where will that lithium come from? That’s where the junior mining companies come. The junior lithium companies like QMC ( Quantum Minerals Corp)are ready to meet the new demand and offer the best investment returns to their investors. So, the point is, There’s a huge ‘Lithium Boom due to Huge Lithium Demand!’. Investors have already made their fortunes that this commodity will pay back well in coming years

How to make most out of it?

If you invest in lithium now, you won’t be dissatisfied in 10 years coming. You can purchase the stocks from the best producers and explorers of lithium. Some of them are

Albermarle (NYSE:ALB $12,5B) 

FMC (NYSE:FMC $12.0B) 

QMC Quantum Minerals Corp. (OTC: QMCQF) (TSX.V: QMC) (FSE: 3LQ)