Plant means jobs for 6,500 people.
Two vehicle models to be built on same assembly line.
Available in 2017 for $35,000.
Superchargers replenish half a charge in as little as 20 minutes.
Tesla has dubbed its $5-billion pet project, the "Gigafactory," and it could be up and running by 2017, prompting the need for battery-grade materials like graphite, lithium and cobalt.
CEO Elon Musk, credited with much of Tesla`s success, did not actually start the company.
The electric motor company's plans to double the globe's battery output will up graphite demand 152%, but sourcing cobalt outside the Congo could prove difficult.
The company is currently waiting for its Land Use Permit and Class A Water License from the Wek'èezhìi Land and Water Board of the Northwest Territories.
By 2020, cobalt used in rechargeable batteries for everything from cellphones to cars could be greater than today's total global refined market.
Car maker Tesla prefers suppliers in North America for its $5 billion lithium-ion battery "gigafactory" in the southwest US which could provide a boost for Fortune Minerals proposed refinery near Saskatoon .
Cobalt is considered a ‘technology enabling’ substance as its at the forefront of technological developments and innovation.
If all goes as planned, junior miner Fortune Minerals will operate three projects in Canada in the foreseeable future.
With 2013 behind us, the cobalt market will reflect on a year that saw minimal price movement despite a number of significant developments.
The company jumped nearly 18% to trade at 43 cents per share on the Toronto exchange on Tuesday.
Perfecting a strategy honed with copper and gold, Dan Gertler sells back to the DRC an oil block for $150 million acquired 7 years before for $500,000.
The Mai Mai Kata Katanga separatist militia attacked the city of Lubumbashi, in the copper-rich southeast province of Katanga.
Analysts said Baja is done.
If you are reading this on a tabloid or a smartphone, then you are likely holding bits of so-called “conflict minerals,” mostly used in the manufacturing of mobile phones, tablets and laptops.
Punters not sure what to make of North American Nickel's latest find in Greenland kick it 17% higher only to let it fall deep into the red.
Martin Pratt may replace Martin Abbott.
The International Seabed Authority Council has approved 17 seabed exploration contracts that lie beyond national jurisdiction in the Pacific, Atlantic and Indian oceans.
Report singled them out as the main cause of human rights abuses in the country, particularly in Katanga, Congo's copper belt province.
The pros and cons of extraction from the seabed.
Most of the world’s cobalt is mined in Africa and the majority of Africa’s cobalt comes from the Democratic Republic of Congo.
Customers and mining companies are skeptical about the implementation.
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