May 19, 2016
Tesla's bet on winning the global lithium [& cobalt] race
Publisher: NBR, CNBC.com
Author: Clay Dillow
THIS IS NOT AN OFFICIAL COMPANY NEWS RELEASE
- FOR THE INFORMATION OF SHAREHOLDERS AND INTERESTED PARTIES ONLY -
Tesla's bet on winning the global lithium [& cobalt]race
March 19, 2014, Clay Dillow, NBR, CNBC.com - Tesla Motors plans to open up the world's largest battery factory in 2017---a 10-million-square-foot so-called Gigafactory---will eventually produce more gigawatt-hours of battery supply each year than were produced globally in 2013....
"...Most at issue for Tesla's next-gen lithium-ion chemistry are lithium and cobalt, each of which carries some degree of risk, though for very different reasons. Cobalt, a necessary ingredient for the current generation of nickel-cobalt-aluminum batteries powering Tesla's Model S, is something of a conflict mineral, with a large portion of the global supply originating in the oft-unstable Democratic Republic of Congo."
Formation Metals Management notes that the next generation Lithium-Cobalt Manganese-Nickel batteries expected to be used for the Tesla vehicles contain 10 - 20% cobalt.
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