NORAM VENTURES: Lithium "battle" begins...!

Free Issue No. 06 of 25.03.2021
Are electric cars or their batteries the key to sustainable mobility in the future? If one trusts the hype that has only recently also started among German car manufacturers, above all VW, the answer is obvious. VW is investing many billions here, building its own production facilities for batteries and cooperating on research in various directions, e.g. solid-state batteries. The E-trend is also running at full speed at virtually all other automotive brands. And if we look at the key issues in the context of the "battery" value chain, various studies conclude that there is nothing insurmountable standing in the way of the comprehensive market diffusion (penetration, merging) of e-cars, which will be in the ramp-up phase in particular in the period 2020-2030 & ff... although various technical, economic, ecological, regulatory and social challenges still have to be finally resolved.

But beware: A very serious calculation model has calculated the future lithium demand (realistic scenario) within the framework of the main types of lithium use. Assuming a worldwide dominance of electromobility, the lithium reserves will be exhausted as early as 2049, despite the reuse of secondary lithium (approx. 25% recycling)! Certain raw materials are not infinite! Even if it should take a little longer, the demand for lithium will explode in the near future according to logical reasoning! And NORAM VENTURES, along with other industry players, will be ready. Drilling activities are in the final phase and according to management the resources should be significantly higher again; an update from NORAM should follow soon. After an interim high of CAD 1.20, the share has lost some ground. After our low initial price, we consider this to be a "healthy" countermovement; in any case, no specific reasons can be discerned.
We see great potential! First price target remains at CAD 1.20!

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