https://www.mining-journal.com/energy-minerals-news/news/1430157/tesla-the-miner-possibly-according-to-elon-muskIt's not just lithium - prices for nickel, cobalt, manganese and graphite have also surged.
"While upwards of $500 billion has flowed into building the 285 gigafactories around the world - and $150 billion last year alone - critical mineral mines and mid-stream processing plants have not seen anywhere like this type of investment."
The articles noted that Tesla wants to build its own cathode, nickel chemical and lithium hydroxide plants in Texas, Volkswagon announced recently that it wants to begin nickel and cobalt refining in China and General Motors has committed $400 million to build cathode material in Canada.
"But to have the ultimate sway of industrial power you need to own the mines, in part or in full. This is the only way to guarantee the raw material to make your batteries and EVs," Moores and Bazilian said.
https://www.mining-journal.com/energy-minerals-news/news/1430157/...
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