Tesla Motors Inc. (NASDAQ:TSLA) sent shockwaves through the graphite, cobalt and lithium markets earlier this year with the announcement that it plans to construct a $5-billion lithium-ion battery “gigafactory” in the Southwest United States.
In the infographic below, Visual Capitalist breaks down what the gigafactory will be doing, how long it will take to build and what materials it will require.
|Formation Metals Inc. (TSX:FCO,OTCQX:FMETF) primary asset, located in the mining friendly state of Idaho, is the 100% owned, Idaho Cobalt Project. The ICP is a unique, high grade, primary cobalt deposit which is comprised of the mine and mill site and the proposed refining facility, the Cobalt Production Facility, a stand-alone hydrometallurgical facility that will process the ICP Mine concentrates into cobalt sulfate, copper sulfate, copper concentrate, magnesium sulfate and gold. Connect with FCO to get their latest news instantly.|