Tesla founder and chief executive Elon Musk and manufacturing industry executive Drew Baglino said that the company had acquired the rights to a 10,000 acre lithium clay deposit in Nevada.
They also disclosed that Tesla intended to build its own cathode plant and lithium conversion facility.
This is part of Tesla’s plan to be self-sufficient, significantly reducing costs and the hundreds of kilometres that need to be travelled before materials used in electric vehicles (EVs) manufacturing can reach the company.
Traditionally, lithium and nickel raw materials are mined and then converted into a metal sulphate before chemicals and water are added to them to create the final cathode product.
This creates a large amount of wastewater and waste by-products, something Tesla aims to eliminate with its lithium cathode plant and facility.
Musk said there was already enough lithium in Nevada alone to convert every car in the United States to EVs.
Read the full article via Australian Mining: Tesla to mine own battery metals