Musk sees refining as the lithium problem, so Tesla plans to begin doing it

Tesla Inc. is far more targeted on refining lithium than on mining the battery metal, Chief Govt Officer Elon Musk claimed, as the EV large ideas to start refining output within just a 12 months.

The “limiting factor” is refining lithium, not really getting it, as no state has a monopoly on deposits, Musk mentioned Wednesday in the course of the electric powered auto giant’s trader day.

Tesla has damaged ground on a proposed lithium refinery in Corpus Christi, Texas, and aims to begin output within just a 12 months, Drew Baglino, senior vice president of powertrain and electrical power engineering, explained at the function. The EV large wants to approach lithium concentrates into battery-quality lithium chemicals at the Texas refinery.

The corporation hasn’t responded to reviews it is been mulling a takeover of miner Sigma Lithium Corp. amid rampant demand from customers for the materials essential to powering EVs.

Automakers have aggressively pushed into mining to lock in offer for batteries as electrical-auto gross sales increase. Stellantis NV took a 14% stake in a McEwen Mining Inc. copper subsidiary, and Typical Motors Co. is stated to be vying for a stake in Vale SA’s foundation metals device. In January, GM struck a $650 million pact with Lithium Americas Corp. to produce a US lithium deposit.

As for nickel — one more crucial ingredient in EV batteries — Musk explained it is only essential for “aircraft, extended-vary vehicles or vans.” 

“The extensive the greater part of major lifting” of EV batteries will be iron-dependent batteries, and there is lots of iron in the world, he claimed.