Elon Musk had a special message for those involved in Tesla’s Q2 earnings call last month, noting a global need for lithium
Musk encouraged entrepreneurs to take up lithium refining during Tesla’s second-quarter earnings call last month, amidst a burgeoning EV market and higher-than-ever battery demand, according to. The news comes amidst skyrocketing lithium prices, which comes from a bottleneck created by the few global companies able to create battery-grade lithium carbonate and hydroxide chemicals.
“I’d like to once again urge entrepreneurs to enter the lithium refining business. The mining is relatively easy, the refining is much harder,” said Musk on the earnings call. “You can’t lose, it’s a license to print money.” Tesla applied for a permit to start building a cathode facility for EV batteries earlier this year, and Musk has even talked about the automaker refining its own lithium if prices remain as high as they are. However, even if Tesla starts processing lithium by itself, it’s still likely to need a handful of other suppliers — especially until the global lithium refining industry grows.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Abrams seeks to invest to build inclusive economy in GeorgiaDemocratic gubernatorial candidate Stacey Abrams says it's time for Georgia to use its budget surplus to invest in its residents.
Weiterlesen »
Nonprofits launch $100M plan to support local health workersA new philanthropic project hopes to invest $100 million in up to 10 countries mostly in Africa by 2030 to support up to 200,000 community health workers
Weiterlesen »
1900 Wealth offers a new alternative investment platformSPONSORED: 1900 Wealth offers clients the opportunity to invest in alternative asset classes that provide the potential for increasing returns.
Weiterlesen »
Olivia Newton-John sold off her real estate after stage 4 cancer diagnosisIn recent years, she unloaded most of her massive portfolio in order to invest more into her foundation and wellness center.
Weiterlesen »