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Mexico forms state-run company to mine lithium: Litio para Mexico

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The Board of Directors for LitioMx comprises the head of the Ministry of Energy, who will preside over it; the head of the Ministry of Finance and Public Credit; the head of the Ministry of Economy; the head of the Ministry of the Interior; and the head of the Ministry of Environment and Natural Resources. According to the USGS, Mexico has 1.7

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LIVE BLOG: Tesla 2023 Cyber Roundup (Annual Shareholder Meeting)

Teslarati

16:08 CT – The shareholder now asks if Tesla would be open to extending its vehicle’s financing terms. Elon Musk notes that the banks are the ones that are deciding on its vehicles’ financing. Musk notes that Tesla would be doing a third-party audit for its battery supply chain. The demand is quasi-infinite here,” Musk added.

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Live Blog: Tesla (TSLA) 2021 Annual Meeting of Stockholders

Teslarati

So mining for battery materials will stop when the transportation sector becomes electric. By this time, key battery components could be recycled. 15:38 PT – Elon highlights the importance of solar and batteries. 15:16 PT – Elon addresses some of the concerns about methane and batteries. Credit: Tesla/YouTube.

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UN report highlights urgent need to tackle impact of EV battery production boom

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Demand for raw materials used in the production of electric car batteries is set to soar, prompting the UN trade body, UNCTAD (United Nations Conference on Trade and Development), to call for the social and environmental impacts of the extraction of raw materials, which include human rights abuses, to be addressed urgently.

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BNEF: producing battery materials in the DRC could lower supply-chain emissions and add value to the country’s cobalt

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The Democratic Republic of the Congo (DRC) can leverage its abundant cobalt resources and hydroelectric power to become a low-cost and low-emissions producer of lithium-ion battery cathode precursor materials, according to a new study on a unified African supply chain by BloombergNEF (BNEF). Source: BNEF.

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Volkswagen joins “Cobalt for Development” initiative

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Volkswagen says that it is actively engaging in improving artisanal cobalt mining conditions in the Democratic Republic of Congo (DRC) as well as the living conditions for people in the surrounding communities. Cobalt is an important raw material for the production of electric vehicle batteries.

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Benchmark: Indonesia could become major cobalt producer; forecasts 30x boost

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The country’s government and the mining sector are determined to transform its nickel industry to meet the rising demand for Class 1 nickel, a crucial component for electric vehicle (EV) batteries.). This would bring Indonesia into second place for cobalt mining, after the Democratic Republic of Congo.

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