RE: Current Metal Prices in USD7 Mar 2022 15:41
And they tend to bet their future on the departure of a very small group of assets in a very selective country or group of countries. In addition to Huelva, Atalaya Mining, which is listed on the Alternative Investment Market (AIM) in London, is developing another project in Galicia. Berkeley Energía , a group whose parent company is in Australia, is listed in London, and has bet everything on a uranium mine in Salamanca , which it is now trying to derive towards lithium . W Resources has focused on the La Parrilla project in Extremadura to extract tungsten and tin .
London-listed Europa Metals ' sole asset is the lead-zinc-silver Toral project in León . Other examples are Technology Minerals, First Quantum, Orvana Minerals, and BHD . Interests also, little by little are intertwined. Metal Tiger has skyrocketed in value as a shareholder in Sandfire, which Matsa has bought. And next to the precious metals, there are also other exploitations. Although Prospex has assets in Italy, the big bet of this company, also listed in London, is El Romeral and Tesorillo, both gas , in Spain.
A recent report by Bank of America pointed out that the energy transition will lead to a massive electrification of the global economy through renewable energy, energy storage and electric vehicles . That is going to exponentially boost the demand for precious metals. Bank of America estimates that global consumption will grow annually over the next decade for all metals. Specifically, it calculates growth of 3.6% for copper, 24.6% for lithium, 7.6% for nickel, 18% for cobalt, 2.5% for silver and 3.3% for gold. platinum.
To a greater or lesser extent, all the facilities necessary to make the ecological transition possible are intensive in this type of material . For example, photovoltaic panels need copper, silver, nickel and zinc. LED lights need chrome, nickel and zinc.
The star
The star is lithium , essential for electric car batteries. The supply of lithium worldwide is 387,000 tons. Demand could rise to three million tons in 2030 and five million in 2050, Bank of America estimates. Experts estimate that the global market for lithium batteries, from just 1.3 billion euros in 2020, will reach 20 billion in ten years.
Europa Metals reinvents the Léon mines
Myles Campion is the CEO of Europa Metals.
Myles Campion is the CEO of Europa Metals.
Europa Metals is a company specializing in lead and zinc exploration, exclusively focused on European projects. "We believe that Europe, and in particular Spain, is a region with potential for the development of modern mines and offers the opportunity to create new mines within a social and environmental framework of best practices," the group explains on its website. The company is listed on the London Alternative Market. It has a subsidiary in Spain, Europa Metals Iberia, based on the outskirts of Ponferrada, in the province of León. Its star project is Toral, in which it has recently started new prospecting and
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