Australian Mines LTD (AMSLF)

[GetRich902902]

Could Tesla Really Get Into The Mining Business?

Elon Musk isn’t afraid to buck conventional wisdom about sticking to your core business — Tesla builds its own batteries, and even seats, and it has branched out into stationary storage, solar panels, and solar roof tiles. During Tesla’s most recent shareholder meeting, Elon said the company might get into another line of business — mining. He implied that taking control of the supply chain for the raw minerals used in its batteries might be a necessity as Tesla scales up production and adds more vehicles to its lineup.

As TechCrunch reported, Musk spoke at the meeting about plans for the Tesla Semi and the much-anticipated Tesla pickup truck, and pointed out that, to get those new vehicles on the road, Tesla would need to manufacture a lot of lithium-ion battery cells. “There’s not much point in adding product complexity if we don’t have enough batteries,” he said. (You can listen to Elon’s comments and additional analysis via the Tesla Stock Channel, scroll below for more.)

As Elon has pointed out numerous times, the EV skeptics’ trope about lithium becoming “the new oil” is not based in reality. Lithium isn’t a fuel, and it isn’t particularly scarce. However, that doesn’t mean that Tesla (or other battery makers) can be cavalier about securing reliable, long-term supplies of the light white stuff. Tesla has been nurturing its lithium supply chain for years, lining up suppliers in Mexico and China, as well as closer to home in Nevada. One of Indonesia’s top news agencies recently reported (via Teslarati) that Tesla plans to build a “lithium battery raw material factory” in the country’s Central Sulawesi province. (Asian battery producers CATL and LG are also said to be planning facilities in the area.)

Other minerals used in batteries and motors may also pose supply challenges as the EV market grows. Sarah Maryssael, Tesla’s Global Supply Manager for Battery Metals, said at a recent mining industry conference that the company foresees a global shortage of key EV minerals in the future.

Well, let's hope Tesla takes a look at Australian Mines LTD (AMSLF). Perhaps they can look at a significant investment in AMSLF. This is some valuable stock. It will rise dramatically in the future.

https://cleantechnica.com/2019/08/21/could-tesla-really-get-into-the-mining-business/