WASHINGTON - Tesla Inc expects global shortages of nickel, copper and other electric-vehicle battery minerals down the road due to underinvestment in the mining sector, the company’s global supply manager for battery metals 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.
According to a Tesla spokesman, the comments were industry-specific and referring to the long-term supply challenges that may occur with regards to these metals. 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.
so the should stop investing in that type of minerals for the sake of avoiding another resources wars in africa
Ever heard of the Periodic Table of Endangered Elements?
FUDSTERS: ahhhh stock is up, quickly write an article without sources or substance. Who cares if all cars on the planet need cooper. Stop the stock from rallying! Sorry market manipulators, we the people are wide awake. No more will we let fear prevent the transition to EVs
'iT's gOoD fOr tHe eNvIrOnMeNt'
At last they noticed that
DavidLenigas Elon Musk is not the only one who foresaw mining underinvestment & shortages of crucial strategic minerals /elements but AIM will not reward shareholders Tesla expects global shortage of electric vehicle minerals
Using up the world's resources
M-hm...just like I have been warning everyone for years about battery EV's You need VAST amounts of lithium, cobalt & graphite...there is not enough for everyone to have a battery EV, hydrogen can be for everyone! ...and it is already happening!
No shit. People like myself who don’t entirely buy into electric cars have been saying this will end up being the problem for aaaages!!!
Time to open up extraterrestrial mining. THE SPICE MUST FLOW 🐛
So green : copper,nickel, lithium mined by child slave labour in Africa for Chinese investors. Super green.
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