Chinese lithium hotspot: mining season takes a bite of the price
Nested in the picturesque region of Yichun in southern China, the Baishi Huashan lithium mine has become a bustling hub for the burgeoning electric vehicle battery industry. As China strives to reduce its reliance on lithium imports, Yichun, known for its lithium-rich deposits, has emerged as a key player in the country’s quest for self-sufficiency. […]
Turnover on Texas lithium refinery is Elon Musk, brand
Tesla Inc. (TSLA.O) broke ground astronomically on a Texas lithium refinery, Monday. According to CEO Elon Musk, the facility would generate enough battery metal by 2025 to construct around 1 million electric cars (EVs). In order for Tesla to fulfil its lofty EV sales targets, Musk claimed the automaker must move outside its core business of manufacturing […]
Tesla to buy more than $1 BLN of Australian battery minerals a year
Tesla said that it expects to spend more than $1 billion a year on battery raw materials from Australia given the country’s reliable mining industry and responsible production practices. Robyn Denholm, chair of the U.S. carmaker, said that Australia, which is rich in minerals used for batteries like lithium and nickel, is poised to benefit as […]