Tesla Manager Sees Risk of Battery-Minerals Shortage in Future
Laura Millan Lombrana and Joe Deaux
BloombergMay 3, 2019
(Bloomberg) -- Booming demand for electric vehicles and insufficient investment in mines could result in a global shortage of minerals needed to manufacture rechargeable batteries in a few years’ time, a Tesla Inc. executive told U.S. officials and mining executives in a meeting in Washington.
Prices for some of the minerals, which include graphite, cobalt, lithium and nickel, could increase as a result of the high demand and the limited supply, Tesla global supply manager of battery metals Sarah Maryssael said in a closed-door presentation Thursday, according to a company spokesman. Investment is important to ensure there is sufficient supply for the industry to grow, she said.
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