Musk sees refining as the lithium problem, so Tesla plans to begin doing it
The “limiting factor” is refining lithium, not actually finding it, as no country has a monopoly on deposits, Musk said Wednesday during theTesla has broken ground on a proposed lithium refinery in Corpus Christi, Texas, and aims to start output within a year, Drew Baglino, senior vice president of powertrain and energy engineering, said at the event. The EV giant wants to process lithium concentrates into battery-grade lithium chemicals at the Texas refinery.
The company hasn’t responded to reports it’s been mulling a takeover of miner Sigma Lithium Corp. amid rampant demand for the material crucial to powering EVs. Automakers have aggressively pushed into mining to lock in supply for batteries as electric-vehicle sales rise. Stellantis NV took a 14% stake in a McEwen Mining Inc. copper subsidiary, and
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