Posted 05/04/05 by dixi normass....

Posted 05/04/05 by  dixi normass.

http://hotcopper.com.au/posts/15037779/single

http://www.cdfund.com/en/blog/energy-storage-is-becoming-a-hype/


Last week, Chinese automaker BYD (10% owned by Warren Buffet’s Berkshire Hathaway) announced it seeks to pursue a level of production similar to Tesla’s: 34 GWh by 2020.

Tesla’s impact on raw materials needed for the production of batteries by itself is enormous. World graphite production will need to rise 152% from today’s level, 50% for lithium, and 17% for cobalt. Taking BYD and the other battery manufacturers’ plans into account, this impact almost triples. Given the production constraints in the market for graphite and cobalt, we expect the realization of the plans will have a major impact on the prices of these commodities.