Friday, September 09, 2022 9:23:37 AM
….Chief Executive Officer Elon Musk has previously said that Tesla may have to enter the mining and refining industry directly at scale as lithium prices surge…..
"Car-makers are trying to ensure they have control over the supply of lithium, hedging for any geopolitical situation that might arise in future where the supply is disrupted," said Arpit Agarwal, director at venture capital firm Blume Ventures, which has backed EV startups such as Euler Motors and Yulu.
Tesla also stands to gain from lower logistics costs as well as incentives it may get from the U.S. government, he added.
Battery makers are also looking to increase production in the United States, where a shift toward EVs could increase as the country implements stricter regulation and tightens tax credit eligibility…..
https://www.reuters.com/technology/tesla-considering-lithium-refinery-texas-2022-09-09/
If true for Tesla, quite true for other vehicle manufacturers regarding reliable supplies of EV materials like those NioCorp has. Who might be knocking on Marks door for a deal?
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