What is Asian battery minerals doing in Mongolia?

Asian Battery Minerals (ABM) is exploring graphite, lithium (lepidolite) and Ni-Cu-PGE sulfide* in Mongolia. Their Oval Ni-Cu-PGE project is a key area of focus. It’s a magmatic mafic sulfide project where ABM believes there’s great economic potential, due to its vicinity to several large metal deposits in China.

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.

Could Mongolia become a battery manufacturing hub?

"Mongolia has lithium assets, Mongolia is building manufacturing facilities, the University of Science and Technology is well-versed in hydrogeology – a joint venture between the public and private sectors could put this manufacturing capability in Mongolia," Haji says - envisioning a greater role for the country in the global battery supply chain.

Will Mongolia have a battery energy storage system?

A planned battery energy storage system for Mongolia will be the largest of its type in the world and provide a blueprint for other developing countries to follow as they decarbonize their power systems. Mongolia’s coal-dependent energy sector accounts for about two thirds of Mongolia’s greenhouse gas emissions.

Are lithium-ion batteries the future of electric vehicles?

(Credit: Ion Energy) According to CEO Ali Haji, the capabilities of lithium-ion batteries and the ever-increasing demand for electric vehicles around the world have recently put Mongolian deposits on the map. "In the early 2000s, lithium batteries began to have a higher adoption rate," Haji explains.