Elon Musk suggests Tesla could start mining lithium

The electrification of automobiles brings great advantages already known. In other words, from reducing our carbon footprint to ending dependence on fossil fuels, humanity must rapidly shift its paradigm. However, with the pandemic and the war, it seems more difficult to obtain certain elements, such as lithium, to make electric batteries.

Musk says this element itself is not lacking, as lithium is found almost everywhere on Earth.

There is one major hurdle electric vehicle (EV) manufacturers struggle with: the availability of the rare elements needed to make the batteries.

Lithium mining in particular has proven extremely difficult, with high environmental cost and considerable humanitarian cost in some parts of the world.

As a result, the industry now faces a lithium crisis. Moreover, there are other reasons to add to these, such as the growing demand for electric cars. All of this has led to global lithium prices surging by more than 450% in the past 12 months.

image extraction lithium

Tesla may have to ‘mine’ lithium

As the CEO of the brand said, the current situation could lead Tesla to enter a new industry: mining.

The price of lithium has reached insane levels! Tesla may actually have to get into large-scale direct mining and refining unless costs improve.

There is no shortage of the element itself, as lithium is found almost everywhere on Earth, but the rate of extraction/refining is slow.

Tesla CEO Elon Musk wrote on Twitter on Friday.

Electric cars are getting more and more expensive

It’s a surprising suggestion considering the amount of resources needed for Tesla to start his own mining business.

Additionally, other companies are looking for alternatives to end the planet’s dependence on these hard-to-extract resources and elements.

We talked, for example, about zinc. Some investigators believe this might provide a valid alternative. Others argue that salt or sodium ion batteries may also hold promise.

In other words, Tesla will likely have to rely on lithium for the foreseeable future, despite rising costs.

That means we could see the US company and other EV makers raise prices, undermining ongoing efforts to make the case for widespread electric adoption.

Indeed, Tesla has already had to increase its prices on its entire range, in less than a week prices have doubled on the American and Chinese market.

It looks like a tough time for EV makers, despite increasing sales as reported today.

Ultimately, prices will still be on the rise as there continues to be a global shortage of microchips and the political uncertainty resulting from Russia’s invasion of Ukraine driving up commodity prices. and raw materials.

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