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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

16:37 CT – A shareholder asks about Cybersecurity, and what Tesla is doing to protect itself and its products. 16:32 CT – Another shareholder asks about Cybertruck’s target production, and if Musk is looking to step down as CEO. As for Cybertruck’s production, Musk stated that production would follow an S curve.

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

Teslarati

Topics that will be discussed by the company remain to be seen, though questions submitted to Say , an Investor Relations platform, include inquiries about a potential stock split, Cybertruck production, dividends, and 4680 cell production. So mining for battery materials will stop when the transportation sector becomes electric.

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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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