Tesla predicts a global shortage of minerals for electric car batteries

Tesla predicts a global shortage of minerals for electric car batteries

May 5, 2019 0 By autotimesnews

Tesla metal products supply manager Sara Marissael at an industry conference announced that the company expects a shortage of key minerals for the manufacture of batteries for electric cars.

Although this is a long-term prospect, the threat of shortage still remains high, and copper, nickel, lithium, cobalt, and others are among the main minerals used in electric vehicle batteries. But which materials the shortage expects – Marissael did not specify.

However, Reuters reports that the copper industry, which suffered from a lack of investment for a long time, could be in jeopardy. It is expected that by 2030 the lion’s share of copper will be taken over by the systems of “smart houses”, and its consumption will grow from 38 thousand tons to 1.5 million, which may limit its supply for batteries of electric vehicles.

As for Tesla, the company intends to pay more attention to nickel in the manufacture of its future batteries, and also want to use less cobalt in the cathodes, since the bulk of this mineral comes from Congo, where child labor and dirty mining methods are often used in mines.

In addition, Marissael noted that Tesla sees great potential for working with mines in Australia and the United States to diversify mineral supplies.