The Conversation (2)
Tesla Motors Looking at Lithium Agreement With Codelco?
Dec. 03, 2015 04:31PM PST
Base Metals Investing Reuters reported that Tesla Motors (NASDAQ:TSLA) had met with officials in Chile to discuss a lithium partnership with Codelco, the country’s state owned copper miner and the world’s largest copper producer. Financial newspaper Pulso reported that the parties were in talks, but did not cite sources.
Reuters reported that Tesla Motors (NASDAQ:TSLA) had met with officials in Chile to discuss a lithium partnership with Codelco, the country’s state owned copper miner and the world’s largest copper producer. Financial newspaper Pulso reported that the parties were in talks, but did not cite sources.
As quoted in the publication:
Codelco said in response that no agreement had been reached.
“A formal process for exploring for lithium has not started, nor has the board even taken a decision on that,” the company said.
Codelco [COBRE.UL], the world No. 1 producer of copper, also has small operations in deposit offshoots like silver but no current interests in lithium. It has said previously that it would consider entering the lithium industry if there were a good business opportunity.