Atlas Lithium Corporation is one of the companies looking to develop Brazil's Lithium Valley and become a major resource supplier. Given that Brazil holds the fifth-largest lithium reserves in the world, many investors see this area as a promising target in the coming years.
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00:00As global leaders are diligently working to keep global warming under the 2°C mark,
00:07they are looking to embrace modernized technologies like renewable energy and electric vehicles.
00:12To do so, the global economy will need to transition away from resources like oil and
00:16instead ensure the supply chains for newer technologies like electric vehicle batteries
00:20and energy storage systems.
00:22One of the key materials that is needed to ensure this future is lithium which is a major
00:26component of modern lithium-ion batteries.
00:28In 2021, Australia had the highest lithium mine production in the world.
00:33However, Chile, China, Argentina, and Brazil are also major contributors to global lithium
00:38production.
00:39With the increasing global demand for lithium with the market size for the metal projected
00:43to grow at a CAGR of 20.4% from 2023 to 2028, the development of new lithium projects in
00:50regions with large reserves is crucial for meeting the growing needs of the electric
00:53vehicle and renewable energy industries.
00:56Atlas Lithium Corporation trading on the NASDAQ under ticker ATLX is one of the companies
01:01looking to develop Brazil's lithium valley and become a major supplier of the resource.
01:06For many investors, Brazil's lithium valley is shaping up to be a promising target in
01:10the coming years given that Brazil holds the 5th largest lithium reserves in the world.