Elon Musk: "Lithium is the new...

Elon Musk: "Lithium is the new oil".

https://netzpolitik.org/2022/rohstoffpoker-elon-musk-lithium-ist-das-neue-oel/

Quotes: "Tesla CEO Elon Musk has warned the EU Commission about shortages of lithium, a battery raw material. That the U.S. and EU depend on imports from third countries like China for their supply of lithium is a risk, Musk told EU Industry Commissioner Thierry Breton during a visit to Tesla's gigafactory in Austin, Texas, in May, it has now been revealed."

"Since the beginning of the year, the price of lithium has skyrocketed. Since the raw material is used in batteries of almost all electronic devices as well as in e-cars, this puts pressure on manufacturers like Tesla. Tesla sources most of its lithium from Australia, "but right now we're dependent on China for processing," Musk said. Building its own processing capacity in its own or similarly minded countries is of great importance, he said, because otherwise only one country holds the cards - this is "the modern equivalent of war.""

"Musk had complained publicly several times recently about high lithium prices. In April, he posited that Tesla could mine and process lithium itself "on a large scale." Europe so far meets only part of its lithium needs from its own mining."

"After the meeting with Musk, Breton posted a short video of the two online."
https://twitter.com/ThierryBreton/status/1523773895974612992?s=20&t=LyySMINhBK6VGwfzJS65PA

Any translation with deepl.com.