Elon Musk is likely to mine lithium.
Elon Musk says Tesla may have to get into the lithium business because costs are so 'insane'
KEY POINTS
Elon Musk tweeted Tesla may get into the lithium mining and refining business directly and at scale because the cost of the metal, a key component in manufacturing batteries, have gotten so high.
"Price of lithium has gone to insane levels," Musk tweeted.
Lithium deposits are not uncommon in the US, but refining resources are limited.
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