Why Choose Lithium, Nickel & Cobalt as a Beginning?

Lithium is one of the most important metals in the 21st century. And the demand for lithium is only rapidly increasing. Producers, miners and companies that rely on the supply of lithium are searching for new sources. Current trends suggest that the demand for lithium will exponentially grow within the next 10–20 years. Considering that the global demand for lithium is already 200,000 tonnes per year, which could increase by 3 to 5 times the amount by 2030, indicates towards the future success of the distribution of lithium. Litherium (LITH) is a cryptocurrency that can be used to trade and pay fees on the Litherium Crypto-Commodity Exchange.

Australia has the world’s largest nickel reserves (24%), estimated to be 19 million tonnes. Western Australia is currently Australia’s sole nickel producer. The state’s nickel resources include nickel sulphide ore and laterite nickel ore, and most of the output comes from nickel sulphide ore.

In general, the higher the nickel content, the higher the energy density of the battery cell, thereby improving the cruising range of electric vehicles. Nickel resources are relatively scarce when compared to lithium. It is also a hot spot for new energy companies to improve their layout and competition.