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Precious metals: lithium is becoming a strategic resource worldwide

15/09/2023
Source : ORISHAS FINANCE
Categories: Raw materials

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Côte d'Ivoire has regularly strengthened its provisions, culminating in November 2022, since the adoption of a new mining code in 2014. This decision reflects Côte d'Ivoire's continued commitment to diversify its economy beyond the traditional gold and manganese sectors. These measures aim to stimulate the exploration and exploitation of new resources, including lithium, which is becoming a strategic resource worldwide.

The explosion in demand for lithium, resulting from the rise of electric vehicles, is pushing investors to allocate more financial resources to the discovery of new deposits. Until now under-explored for its lithium resources, Côte d'Ivoire is rapidly becoming an attractive destination for mining investors. Lithium, due to its ability to efficiently store electrical energy, occupies a central place in the global energy transition. It is now regarded as the “fuel ” for electric vehicles style="font-family: "Bookman Old Style”, "serif"">, making it a strategic resource for automakers, many to consider gradually abandoning the production of thermal vehicles.

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