Tesla Inc expects global shortages of nickel, copper and other electric-vehicle battery minerals down the road due to underinvestment in the mining sector, the company’s global supply manager for battery metals told an industry conference on Thursday, according to two sources.
Source: www.reuters.com
Tesla Inc, a leader in electric car manufacturing, expects global shortages in electric-vehicle battery minerals such as nickel, copper and lithium due to under investment. After years of under investment, the copper industry is now working feverishly to develop new mines and bring fresh supply online. Tesla will continue to focus more on nickel, as it tries to use less cobalt, a scarce metal that is primarily mined in Congo.
