Long term stock holder, and please don't take this post as me...

Long term stock holder, and please don't take this post as me trying to ramp QPM. However, if you read the transcripts of Tesla's Annual Meeting day from Elon, it sounds eerily similar to what the good Dr has been saying all along. I hope this AFR article below gives us shareholders some more confidence in the potential of QPM especially given it's sustainability credentials.

There are no lithium supply shortages: Musk

Elon Musk told Tesla’s annual meeting this morning that the electric vehicle maker doesn’t envisage any lithium supply shortages.

“Lithium is extremely plentiful. It’s one of the most plentiful things on earth, it’s not rare at all,” he said.

“There’s lithium everywhere, so that’s not an issue. Also, lithium is maybe only one or two per cent of the [battery] cell.

“So the actual thing that matters is the cathode. Our long range vehicles use a nickel-based cathode, some people think it’s a cobalt-based cathode, no, cobalt is used in phones and laptops, we use nickel because it’s higher energy density for our long range vehicles.

“But for standard range vehicles and for stationary storage, I think all of that will move to iron-based cathodes.

“Iron is also extremely plentiful, nickel is not rare, but there’s 10 to 100 times more iron than there’s nickel ... I think the vast majority of batteries in the future will be iron-based, so I do not see any shortages.”