“I would like to once again encourage entrepreneurs to take up lithium recycling. Mining is relatively easy, but processing is much more difficult,” Musk said on Tesla’s Q2 results conference call in July. “You can’t lose, it’s a license to print money.”
Tesla and lithium: basic data
- Tesla says it is still evaluating the feasibility of this project; only preliminary developments have begun.
- If this site is selected, construction could begin in the fourth quarter of 2022. The commercial operation of the project will begin in the fourth quarter of 2024.
- According to Bloomberg, Tesla plans to build a lithium processing plant in the Gulf of Texas.
- This facility will be the first of its kind in North America, along with facilities to support other types of processing, refining and manufacturing of battery materials.
Elon Musk talks about it
Indeed, the California manufacturer has just unveiled a lithium recycling program directly in Texas. For the founder of Tesla, this question is strategic. It’s not just about being able to meet the global demand for its electric vehicles, but also about improving the recycling processes that are so frowned upon.
In his design note sent to the state of Texas, the builder notes that:
“The refining process is innovative and designed to consume fewer hazardous chemicals and create usable by-products compared to the conventional process. »
On April 8, Elon Musk tweeted about the rise in lithium prices:
“The price of lithium has reached insane levels! Tesla may have to jump straight into large-scale mining and refining if costs don’t improve. There is no deficiency in the element itself, since lithium is present almost everywhere on Earth, but the rate of its extraction / processing is low. »
Indeed, according to the World of Statistics, prices have risen 20 times in 10 years.
Documents related to this announcement