Millennial Lithium Spotlight Research - Getting closer to producing battery-grade lithium carbonate
Company Highlights & Investment Case-Millennial Lithium (ML) is a Canadian listed company which owns and develops two mining projects located in the Argentinian portion of the Lithium triangle one of the most prospective lithium extraction areas globally. The company is run by an experienced team with proved track records in the mining industry.
-The companys flagship project Pastos Grandes, which has recently received approval for the Environment Impact Assessment and has commissioned a carbonate pilot plant, is expected to generate sales from lithium extraction for nearly 40 years starting from the year 2023. Pastos Grandes is one of the most advanced lithium projects in Argentina, expected to produce 21,000 tons of battery-grade lithium carbonate annually in stage 1 and 24,000 tons in stage 2 that is close to 8% of the current global demand.
-Demand for lithium is expected to skyrocket thanks to parabolic growth of electric vehicles production. According to IHS Markit, global lithium battery demand is expected to increase from 240 GWh in 2020e to 900 GWh in 2025e (30% CAGR) with the automotive industry accounting for 800 GWh (ca. 90%) of the global consumption in 2025e.
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