WASHINGTON - Tesla Inc expects global shortages of nickel, copper and other electric-vehicle battery minerals in the near future due to underinvestment in the mining sector, the company’s head of minerals procurement told an industry conference on Thursday, according to two sources.
The company, a major minerals consumer, has rarely talked publicly about its views on the metals industry. Copper, nickel, lithium and related minerals are key components used to make electric-vehicle batteries and other parts. Electric cars use twice as much copper as internal combustion engines. So-called smart-home systems - such as Alphabet Inc’s Nest thermostat and Amazon.com Inc’s Alexa personal assistant - will consume about 1.5 million tonnes of copper by 2030, up from 38,000 tonnes today, according to data from consultancy BSRIA.Maryssael added, according to the sources, that Tesla will continue to focus more on nickel, part of a plan by Chief Executive Elon Musk to use less cobalt in battery cathodes.
AUZMines AUZ needs a board shakeup.
AUZMines Shareholders know you are having problems behind the scenes, that's why you are missing deadlines and stonewalling us. You think we are stupid? The ONLY bad thing about that is your refusal to come clean and communicate, super shitty and disrespectful.
This is news? 😂 I’ve said stay away from lithium for years! 🤪🤡 echo_belbo saltaf01 tarwathie
'support joint research and development of minerals deemed critical to the U.S. economy.' In other words they are not doing anything at all, except talk about it More copper demand but Chile will see little from it
I’ve got a shit load of those in my basement if anyone needs some...