Lithium Americas Corp (LAAC)

[overlordpeter]

Tesla, the producer of electric vehicles and power storage products led by billionaire Elon Musk, is preparing to open its giant Gigafactory battery plant in Nevada. It will probably require 25,000 tons of lithium hydroxide a year when it reaches capacity, according to Simon Moores, managing director of Benchmark Mineral, an industry advisory company. That's equivalent to about 45 percent of current global supply, he said.

LG Chem Ltd. last year completed construction of an electric-vehicle battery plant in Nanjing, China, with capacity to supply batteries for 50,000 high-performance electric cars annually. Boston-Power Inc. is expanding its plants in China, and Panasonic Corp., which makes batteries for Tesla cars, has added a joint venture there.