While Musk said no country has a monopoly on lithium supply, he did say the big bottleneck remains turning lithium ore into battery-grade material; that should be music to the ears of ASX-listed producers of high-quality lithium, who should be well-placed .
And while lithium supply isn’t necessarily an issue, Musk says nickel is trickier. Australia’s biggest nickel producer, BHP, will love to hear that, and so will Andrew Forrest’s whose private vehicle, Wyloo Metals, is developing one of the world’s most prospective nickel regions in Canada.
Musk thinks Tesla will produce 20 million cars a year.
That would require a lot of batteries.
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