Battery Metals

Nevada Lithium Mine Likely Drove Tesla’s Decision

Battery Metals

The fact that Nevada hosts the only operating lithium mine in the United States probably played into Tesla Motors’s (NASDAQ:TSLA) decision to located its lithium ion batter gigafactory there, according to an article from Marketwatch.

The fact that Nevada hosts the only operating lithium mine in the United States probably played into Tesla Motors’s (NASDAQ:TSLA) decision to located its lithium ion batter gigafactory there, according to an article from Marketwatch.

As quoted in the publication:

The U.S. still imports most of its lithium, with Australia, Bolivia, and Chile among the top exporters of the mineral. But one Nevada mine has been churning out the stuff since the 1960s, and other lithium deposits in the state could come in line depending on demand.

Lithium is the not-so-secret sauce in the countless rechargeable batteries used in a variety of products, including the battery packs that power Teslas.

Click here to read the full article.

MARKETS

Markets
TSX20714.48+13.98
TSXV622.01+0.87
DOW33978.08+28.67
S&P 5004070.56+10.13
NASD11621.71+109.30
ASX7493.80+25.50

COMMODITIES

Commodities
Gold1927.96+0.24
Silver23.60+0.01
Copper4.23-0.04
Palladium1713.170.00
Platinum1087.260.00
Oil79.38-1.63
Heating Oil3.19-0.11
Natural Gas2.85-0.09

DOWNLOAD FREE REPORTS

×