Tesla (NASDAQ:TSLA) has announced a 100GWh Gigafactory expansion in NevadaIt could need up to 115,000t lithium, 15,000t cobalt, 14,000t manganese, 125,000t nickel and 170,000t graphite anode per yearStandout Battery Metals Stocks of the Week: Lincoln Minerals, Anson ResourcesOur High Voltage column wraps all the news driving ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, manganese, magnesium, and vanadium. Battery metals experts at Benchmark recently estimated that at least 384 new graphite, lithium, nickel, and cobalt mines are needed in the next 12 years to feed a 500% increase in global battery demand.Last week, Tesla (NASDAQ:TSLA) announced a 100GWh Gigafactory expansion in Nevada, which could see it become the largest Western producer of batteries.Just look at these outrageous and impossible numbers from Benchmark, which emphasise just how metals-hungry these battery plants really are: QUOTE from article in * yesterday The market is about to really take off expect some fireworks in the near future IMO.
COB Price at posting:
55.5¢ Sentiment: Buy Disclosure: Held
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