Tesla Inc expects global shortages of nickel, copper and other electric-vehicle ...
WASHINGTON - Tesla Inc expects global shortages of nickel, copper and other electric-vehicle battery minerals down the road due to underinvestment in the mining sector, the company’s global supply manager for battery metals told an industry conference on Thursday, according to two sources.The company, a major minerals consumer, has rarely talked publicly about its views on the metals industry.
According to a Tesla spokesman, the comments were industry-specific and referring to the long-term supply challenges that may occur with regards to these metals. Electric cars use twice as much copper as internal combustion engines. So-called smart-home systems - such as Alphabet Inc’s Nest thermostat and Amazon.com Inc’s Alexa personal assistant - will consume about 1.5 million tonnes of copper by 2030, up from 38,000 tonnes today, according to data from consultancy BSRIA.Maryssael added, according to the sources, that Tesla will continue to focus more on nickel, part of a plan by Chief Executive Elon Musk to use less cobalt in battery cathodes.
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