All the mines Tesla needs to build 20 million cars a year
Elon Musk has set a production target of 20 million vehicles annually before 2030. For starters: 23 Ambatovys at $8.5 billion a pop.
Frik Els , Editor
Frik has 20 years’ experience as a business journalist across a range of industries including automotive, technology and entertainment markets. Frik has an entry in Global Mining Observer’s Who’s Who of Mining 2018, and contributions to publications and conferences including Business Insider, Investing.com, Mines & Money London and New York, Vancouver Resources Investment, Progressive Mine Forum in Toronto and Canadian Mining Symposium in London, UK. He’s been interviewed on CBC Radio and Korea State TV and quoted in the Financial Post.
Posts by Frik Els:
CHART: US spending less on electric cars than three years ago
New report shows US spending on electrified transport peaked in 2018 with Tesla Model 3 launch. Europe’s spending in 2020 was 4 times larger, surpassing China.
Cobalt price rally lifts EV Metal Index to fresh record high
Cobalt use in newly-sold electric cars sets record and prices jump to 21-month high, lifting overall index to fresh monthly record.
Appian closes $775m fund as institutions line up for mining investment
London-based Appian Capital Advisory closes oversubscribed $775 million mining investment fund with 40% already committed.
MINING.COM’s most popular stories of 2020
Even setting aside the disruptions and uncertainty created by the pandemic, 2020 was a tumultuous year on mining and metals markets.
EV Metal Index on course for record year
MINING.COM EV Metal Index, which tracks the value of battery metals in newly registered passenger EVs surge 80% year on year.
Big mining stocks make spectacular covid comeback
Early running was made by gold stocks, but large-scale diversified companies and base metal producers have now caught up as iron ore and copper prices rally hard.
Iron ore prices are going ballistic
Iron ore surges 6% to March 2013 high on Friday as Brazil supply worries, a red hot China economy, and a Beijing-Canberra row convulse seaborne trade.
Carmakers have blind spot for lithium, cobalt, nickel prices
New research report has a warning for electric carmakers about the direction of battery prices without incentives to build new mines.
EV Metal Index rockets to record high on cobalt, nickel price, use
Booming global electric car sales and growth in battery capacity lift MINING.COM EV Metal Index to monthly record and wipe out 2020 pandemic losses.
MEGAMINES: Top 10 most capital intensive bulk mining projects
When these stomach-churning capital outlays start to produce returns, they do so in spades and over generations.
