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https://unauthorised investment advice/resources/dutch-battery-maker-to-spend-2-6b-on-chinese-lithium-ion-gigafactory/

Dutch battery maker to spend $2.6b on Chinese lithium-ion gigafactory

The Megafactories are comingBy 2028 these mega battery factories — such as those gigafactories being built by Elon Musk’s Tesla — would need 840,000 tonnes per year of lithium, 193,000 tonnes per year of cobalt, 1.1 million tonnes per year of graphite anode, and 480,000 tonnes of nickel chemical, Benchmark Minerals Intelligence boss Simon Moores said last month.“The money is going into the mega factories, and it’s going into expanding the lithium industry by four or five times,” he said.In August 2018 there were 42 mega factories built or being built – up from three in 2015.In September that number had already increased to 45, and by mid-October that number was already over 50.