<Tesla and Lithium >
5 @benchmarkmin Charts you need to know about Tesla and it’s lithium hydroxide production / spodumene plans.
1. Tesla is now official upstream of the lithium ion battery supply chain
✅ New cathode plant
✅ New Lithium Hydroxide plant
5 @benchmarkmin Charts you need to know about Tesla and it’s lithium hydroxide production / spodumene plans.
1. Tesla is now official upstream of the lithium ion battery supply chain
✅ New cathode plant
✅ New Lithium Hydroxide plant
2. Lithium chemical refining is going global, not just in China
Production of lithium from spodumene has traditionally been the reserve of China.
Lithium chemical plants are now being established outside of China incl 🇦🇺 🇯🇵 🇰🇷 and now 🇺🇸 (Tesla)
Production of lithium from spodumene has traditionally been the reserve of China.
Lithium chemical plants are now being established outside of China incl 🇦🇺 🇯🇵 🇰🇷 and now 🇺🇸 (Tesla)
3. More control over spodumene (lithium feedstock) prices
In the last lithium price surge, spodumene rose to above $900/tonne (@benchmarkmin prices).
Today it’s less than half.
Tesla will now buy spodumene directly for their own use.
In the last lithium price surge, spodumene rose to above $900/tonne (@benchmarkmin prices).
Today it’s less than half.
Tesla will now buy spodumene directly for their own use.
4. Tesla’s EV and battery supply chain strategy is the same as China’s: control the middle ground
It’s a misconception that China has all raw materials domestically. Only 23% came from China in 2019. Yet, it’s the chemicals, cathodes, anodes capacity where China dominates...
It’s a misconception that China has all raw materials domestically. Only 23% came from China in 2019. Yet, it’s the chemicals, cathodes, anodes capacity where China dominates...
Ensuring significant midstream supply chain capacity means the global trade flows of raw materials points towards China.
Tesla’s response is to build lithium chemical, nickel chemical and cathode capacity in Texas to feed its own cell capacity.
Tesla’s response is to build lithium chemical, nickel chemical and cathode capacity in Texas to feed its own cell capacity.
5. This isn’t 2016, Tesla isn’t the only mega-consumer
When the Gigafactory launched Tesla - for 18 months - was the only mega batteey consumer of raw materials. Suppliers were desperate to get the Gigafactory contract.
When the Gigafactory launched Tesla - for 18 months - was the only mega batteey consumer of raw materials. Suppliers were desperate to get the Gigafactory contract.
... Not now. Back then: ~15 battery megafactories in pipeline.
Today 167 of which 85 are active and consuming raw materials.
Supply chain aggression is needed and Tesla showed that on Battery Day.
Download here: benchmarkminerals.com/downloadform/t…
Today 167 of which 85 are active and consuming raw materials.
Supply chain aggression is needed and Tesla showed that on Battery Day.
Download here: benchmarkminerals.com/downloadform/t…
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