Does Mongolia have a lithium market?

The world’s lithium market is at the center of attention for investors. Although Mongolia is far behind other countries, policymakers are discussing the future of lithium exploration at the policy level.

Why is Lithium Exploration being launched in Mongolia?

This is why lithium exploration is being launched in Mongolia to attract the attention of the global exploration industry. With its high-tech raw materials and mineral geological potential, Mongolia can become an attractive country for investors. Other countries are also urging investors to invest in copper and lithium, not coal or iron ore.

Is Mongolia a good place to invest in lithium & cobalt?

While investment in lithium and cobalt exploration alone has increased several times, Mongolia’s exploration sector has the potential to attract it. What do we have? The amount of lithium reserves registered in the Unified Mineral Resources Fund of Mongolia is 713,000 tonnes. Currently, five lithium projects are being implemented in Mongolia.

Is Mongolia's first lithium brine explorer?

Enter ION Energy, Mongolia's first lithium brine explorer. The company (listed on Canada's TSX Venture Exchange) has a license to explore lithium reserves in Sukhbaatar aimag and aims to export high-quality lithium into the burgeoning battery metals Asian market, which would put Mongolia at the forefront of the electric transport revolution.

Is Lithium Exploration a good investment?

Lithium exploration investment is relatively low compared to top metals such as gold and copper. But the overall financing in the sector surged by almost 20 times in the last 10 years to about USD 200 million. Australia, Argentina, Canada, and Chile are attracting the majority of lithium exploration investments.

What is lithium and why is it important?

Lithium is an incredibly useful metal. It's used to manufacture aircraft, it's a common treatment for bipolar disorder, and it's the main component in the batteries powering electric vehicles. As renewable energy and electric vehicles take off, so has the world's demand for lithium.