Core Lithium, an Australian mining company, has received a warning from Tesla regarding a 2022 supply contract that didn’t come to fruition by the agreed deadline. The two companies couldn’t finalize a deal by October 26, 2022. Consequently, Tesla has indicated they may pursue “all available legal remedies” if a mutual resolution isn’t reached, Core […]
Piedmont Lithium’s plans to open a lithium mine in North Carolina, intended to supply Tesla with electric vehicle battery metals, faced considerable skepticism and displeasure at a crucial public meeting on Tuesday. If approved, this open-pit mine would be among the few lithium producers in the U.S. Yet, the company has struggled for over two […]
Exxon Mobil, one of the world’s largest oil companies, is reportedly in preliminary discussions with leading automakers, including Tesla, Ford Motor, and Volkswagen, to supply lithium, a crucial component in electric vehicle batteries. The news was reported by Bloomberg Law on Monday, citing sources familiar with the matter. The discussions, which are still in their […]
Tesla is considering making a bid to acquire Vancouver, Canada-based Sigma Lithium, a company that specializes in mining the critical electric vehicle (EV) battery metal in its name — reports Bloomberg. According to the publication’s sources, Tesla has been in talks with potential advisers about a bid for Sigma Lithium. Shares in Sigma Lithium jumped […]
Piedmont Lithium Inc., an Australian lithium mining company headquartered in North Carolina, has amended its deal with Tesla to supply the electric vehicle (EV) maker with spodumene concentrate (SC6) — reports MarketWatch. Spodumene is a mineral that contains lithium, an integral component of the lithium-ion batteries used in EVs. In 2020, Piedmont struck a deal to […]
Tesla and other electric vehicle (EV) automakers in the West rely heavily on lithium, and as prices for the raw material continue to increase, another new mining operation in Canada is set to help answer the call. A new Quebec lithium mine expected to open in early 2023 could be a part of the key […]
As electric vehicles (EVs) continue to increase in popularity, the surging sales are also putting a strain on other areas of the supply chain, where raw materials are being hit by inflationary pricing. Global increases in EV sales have added even more pressure to supply chain issues with raw materials such as lithium, nickel and […]
With lithium prices skyrocketing from $17,000 per tonne in 2021 to a whopping $78,032 per tonne in 2022, Tesla CEO Elon Musk thinks the electric vehicle (EV) maker may itself have to get into mining and refining the mineral at scale to keep production costs in check. “Price of lithium has gone to insane levels! […]
U.S. Senators on Friday sent a bipartisan letter to President Joe Biden urging the head of state to invoke the Defense Production Act in an effort to increase domestic production of minerals used in electric vehicle (EV) batteries — reports Yahoo Finance. “In order to address the threats to our national security, we respectfully request that […]
South Australia-based emerging lithium producer Core Lithium Ltd., announced on Wednesday an agreement with Tesla Inc to supply the automaker with up to 110,000 tonnes of lithium spodumene concentrate over a term of four years. The deal has boosted Core Lithium’s shares up 13% in early trading. “Subject to execution of a definitive agreement, Core’s […]
Australian mining company Liontown Resources said on Wednesday it has signed a five-year contract with Tesla to supply lithium spodumene concentrate, according to Reuters. The contract is over 100,000 dry metric tonnes (DMT) of the concentrate, with the deal’s first year starting in 2024. In the following years, the company’s lithium concentrate output will increase […]
Tesla’s application for a new patent describes the revolutionary lithium extraction process the EV pioneer has devised to cut costs by 33%, teased previously by CEO Elon Musk as “using table salt to basically extract lithium from ore” — reports Electrek. The extraction process was originally announced by Tesla during Battery Day 2020. During the […]
General Motors announced a multi-million dollar strategic investment in and commercial collaboration with Controlled Thermal Resources (CTR) to source locally extracted, low-cost lithium in a press release on Friday. At its Hell’s Kitchen Lithium and Power development in the Salton Sea Geothermal Field, located in Imperial, California, CTR is working on a closed-loop process to […]
For the first time in history, an automaker is getting into the business of lithium chemical production. According to Benchmark Minerals, Tesla will be building a chemical plant dedicated to the refinement of lithium hydroxide. The plant is set to be built next to the Terafactory in Austin and is planned to begin production by […]
Tesla’s global influence shouldn’t be surprising. However, the electric vehicle (EV) giant has had a major impact on whole industries in the past, and now it’s being evaluated for its role in mining a metal which is common throughout the world. At its Battery Day event on Tuesday, Tesla (TSLA) announced it would work towards […]
