By mid-2023, India is expected to overtake China as the most populous country. And India’s population is also expected to continue growing in the coming decades, because the people there are predominantly young. That is why this is also referred to as the "demographic dividend." More people as well as a rising standard of living mean more food is needed, which in turn requires more fertilizer. This is where potash is needed. Millennial Potash – https://www.commodity-tv.com/ondemand/companies/profil/millennial-potash-corp/ -, for example, has this raw material in its extremely promising Banio potash project in Gabon. Exploration work is in full swing.
Climate change is another issue that no state can avoid. Already, countries such as Italy, Spain and France are warning of a water shortage. Italy’s largest freshwater reservoir, Lake Garda, is only half full. France also lacks precipitation and the nuclear power plants there in particular need a lot of water, around 30 percent of the amount of water taken from nature. In Spain, the ongoing drought is an issue. A lot of research and testing is being done. For example, trucks commissioned by BMW are currently running on used cooking oil, waste and residual materials (hydrogenated vegetable oil) on a trial basis. The ongoing electrification of road traffic, i.e. electromobility, is another element in reducing emissions. Various raw materials are indispensable for the batteries in e-vehicles, such as precious lithium.
One promising lithium company is Targa Exploration – https://www.commodity-tv.com/ondemand/companies/profil/targa-exploration-corp/ -. Currently, the company has acquired three lithium projects in Quebec, giving it almost 3,500 active claims on nearly 166,000 hectares. Further projects are already in the portfolio.
Current corporate information and press releases from Millennial Potash (- https://www.resource-capital.ch/en/companies/millennial-potash-corp/ -).
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