In Mongolia there are critical metals and also lithium.

Just recently, French President Macron visited Mongolia. France cherishes the hope that the country can supply critical raw materials. And Macron was not the first politician from Europe to make an appearance there. After all, Western politicians are trying to secure the supply of critical raw materials for their countries. In addition, dependencies on China are to be curbed as far as possible. By the way, a uranium mine is currently being developed in Mongolia. And soon, 450,000 tons of copper are to be produced each year. Although Mongolia supplies almost all of the raw materials extracted from the ground go to China, Mongolia is also interested in trading with other countries. And there are many raw materials in Mongolia, for example coal, copper, gold, but also rare earths, phosphate, zeolite or graphite.

Green technologies need critical metals, with the coveted lithium for lithium-ion batteries in electromobility and many portable devices at the top of the list, of course. In Mongolia, for example, ION Energy (- -) is working on two promising lithium projects, the flagship Baavhai Uul project and the Urgach Naran project. Recently, ION Energy added another lithium project, in the Northwest Territories, Kananda. Rare earths, such as neodymium, are used in wind turbines and electric motors, as well as in many technical devices in fuel cells or in aviation.

These rare earths are not only found in Mongolia, but also in the USA, for example in the projects of US Critical Metals (-  -) in Montana and Idaho. The U.S. also wants to free itself from dependencies as much as possible. The company’s projects contain rare earths, lithium, uranium, and cobalt.

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