ULTRA LITHIUM INC. — TSX.V-ULT
Ultra Lithium Inc. ULT
  • Home
  • About
    • Overview
    • Directors
    • Management
    • Corporate Responsibility
    • Corporate Information
    • Disclaimer
  • Lithium
    • Overview of Projects
    • Laguna Verde Brine Lithium Property
      • Laguna Verde Brine Photos
      • Laguna Verde Brine Maps
    • Georgia Lake Lithium Pegmatites
      • Georgia Lake Lithium Photos
    • Forgan Lake Lithium Pegmatites
    • South Big Smoky Valley Project
    • Lithium Uses
  • Gold
    • Gold Projects
    • Assay Results
    • Gold Project Photos
  • Investors
    • Stock Quote
    • Investor Presentation
    • Regulatory Filings
    • Investor Contact
  • News
    • News Releases
    • Media Contact
    • Media Resources
  • Contact
    • Contact Information
    • Investor Email Signup
  • Menu Menu
  • Twitter
  • Facebook
  • LinkedIn
  • Youtube
Blog - Latest News
lithium deposits

Lithium Deposits in China Pressure Europe, N.A.

July 3, 2019/in In the News/by Gray Leigh

New Chinese Lithium Deposits Pressure Competitors to Acquire More Mines

The race for global electric vehicle supremacy continues to heat up. Between China, Europe, and North America, demand for clean transportation has skyrocketed. Evidently, lithium-ion batteries are needed to power this sustainable trend. What’s more, the 3 largest markets primarily rely on lithium imports. However, China has found massive lithium deposits on its own soil.

READ: Volkswagen Goes Green to Stay in the Green

Consequently, China’s dream of going 100% electric by 2030 is closer than ever to becoming reality. After all, domestic mining could save China billions on tariffs and shipping.

Furthermore, this puts pressure on Europe and North America to do one of two things. Firstly, they could double-down on limited lithium deposits mined domestically. However, not enough projects exist to satisfy demand.

A Renewed Eye on South America

lithium depositsSecondly, they could increase mining operations abroad. In particular, this bodes well for Argentina, Chile, and Bolivia. Currently, the so-called Lithium Triangle hosts nearly 50% of the world’s lithium.

Ultimately, China’s discovery in Yunnan province could contain 340,000 tonnes of lithium carbonate. If true, China’s global lithium contribution of just 7% is set to skyrocket.

However, this story requires reading between the elemental lines. If China becomes self-dependent from a lithium standpoint, this opens up the field for European and North American companies to enhance relations with overseas mining operations.

Global EV Race Heats Up

lithium depositsAfter all, China’s Belt & Road Initiative is largely uncontested by Western powers. Meanwhile, Yi Xinping’s government globetrots the world, bankrolling third world infrastructure in a bid to spread influence.

Its lithium ambitions satisfied, China could pull out of various mining operations throughout South America. Therefore, Western companies could establish relations with producers for a fair price.

This will play a large part in fueling the global electric push. Both governments and automakers have overwhelmingly committed to electric vehicles, and sourcing lithium is a key priority.

Evidently, Chinese lithium deposits could bode well for the global combustible engine phaseout.

Related Articles

Apple Electric Vehicles: Will They or Won’t They?

EU Emissions Policy Benefits Electric Vehicles & Lithium Batteries

Netherlands EV Share World’s 2nd Best

Ultra Lithium Inc. A team of clean energy experts with a finger on the pulse of clean energy news, ULI is a lithium exploration company with lithium holdings in Argentina, Canada and the US and gold holdings in Argentina. (TSX-V: ULI, OTCQB: ULTXF and Frankfurt: QFB).

Share this entry
  • Share on Facebook
  • Share on Twitter
  • Share on LinkedIn
You might also like
electric car survey Electric Car Survey: 52% of Canadians to Go Green
Gupta Family Gupta Family to Make Niche Electric Cars
gold price Gold Price Hits 6-Year High
Solid-State Li-Ion Startup Finds New Investor
Ultra Lithium Announces Name Change to Ultra Resources
Flip the fleet Ultra Lithium Closes Financing
Flip the fleet Flip the Fleet Brings EVs to NZ
Flip the fleet Ultra Lithium Appoints Top Lithium Expert To Advisory Board

LATEST NEWS

  • Ultra Lithium Sells Laguna Verde for Share Stake in Power MineralsMay 17, 2023 - 5:00 am
  • Ultra Lithium Cuts 1.81 Percent Lithium Oxide Over 10 Meters in Channel Samples at the Forgan Lake Lithium Property Northwestern OntarioMarch 3, 2023 - 10:16 am
  • Ultra Lithium Invites Shareholders and Investment Community to Visit Booth #2353 at PDAC 2023 Toronto, March 5-8, 2023March 2, 2023 - 6:00 am
  • Ultra Lithium Assays Up To 417 PPM Lithium in Drill Hole at the Laguna Verde Brine Lithium Project in ArgentinaFebruary 28, 2023 - 4:30 am
  • Ultra Lithium Intersects 2.68 Percent Lithium Oxide at The Forgan Lake Lithium Property in Northern Ontario, CanadaFebruary 8, 2023 - 5:00 am

ABOUT

Overview
Management
Directors
Corporate Responsibility
Corporate Information
Disclaimer

 

LITHIUM

Overview of Projects
Laguna Verde Brine Lithium Property
– Laguna Verde Brine Photos
– Laguna Verde Brine Maps
Georgia Lake Lithium Pagmatites
– Georgia Lake Lithium Photos
Forgan Lake Lithium Pagmatites
South Big Smoky Valley Project

Lithium Uses

GOLD

Gold Projects
Assay Results
Gold Project Photos

INVESTORS

Stock Quote
Investor Presentation
Regulatory Filings
Investor Contact

NEWS

News Releases
Media Contact
Media Resources

CONTACT

Contact Information
Investor Email Signup 

CONTACT INFORMATION
Ultra Resources Inc.
1120 – 789 West Pender St.
Vancouver BC V6C 1H2
Canada

Kiki Smith, CPA, CGA
Chief Financial Officer
E: [email address protected by javascript]
T: +1-778-968-1176

Afzaal Pirzada, M.Sc.(Geo), P.Geo.
Vice President, Exploration
E: [email address protected by javascript]
T: +1-778-558-4940

Branding and Design:
NextPhase Strategy Marketing Inc.

New Lithium Battery: 300km in 10 MinutesNew lithium batteryEV supply chainEV Supply Chain in Europe Steadily Grows
Scroll to top