Sunday, September 27, 2020 3:57:17 PM
Daniel Jimenez, partner at Chile-based consultancy firm IliMarkets, expressed doubts about the extraction of lithium from clay using salt, and its projected low cost, as announced by Musk during the Tesla event.
“[Mass adoption of] EVs is coming faster, driven by [economies of] scale and lower costs,” Jimenez said about Musk’s ambitious plan to reduce battery production costs. This had the ultimate objective of slashing the cost of EVs, which would speed their uptake compared with traditional internal combustion engine vehicles.
“A localized supply chain might be good from a safety/geopolitical perspective, but not necessarily on cost. But it will happen,” Jimenez added, referring to Tesla’s hopes to vertically integrate and localize supply chains.
https://www.amm.com/Article/3953000/Nonferrous/Tesla-announcements-seen-bullish-for-lithium.html
I’m not saying clay stone isn’t coming, but it’s hardly a “claymate”. Best of luck to us both.
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