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Tesla wants to buy its own lithium miner for its electric vehicles

Lithium is one of the most important resources in the electric vehicle industry. | Fountain: Possessed photo photo on Unsplash

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International environment Bloomberg reported that Teslafrom billionaire Elon Musk, wants to buy a mining company lithium V Brazil.

“The electric car maker headed by Elon Musk has been talking to potential consultants about the proposal,” said the people, who asked not to be identified, citing confidential information. Sigma lithium is one of the many mining options that Tesla researches, evaluating its own processing,” he says.

Tesla Mining

The media claim that the largest shareholder sigma Lithium, A10 Investimentos is considering selling the company and Tesla showed interest.

One of the main projects is mining. lithium in the state of Minas Gerais, known for its large deposits. They have a goal of producing 766 thousand tons per year.

share price Sigma Lithium it has tripled in the last year, making it difficult to acquire. Shares also rose 24% in the secondary market after the announcement that Tesla interested in buying it.

Demand lithium it has risen significantly for electric vehicle batteries, an industry that is expected to continue to grow in the coming years to kill internal combustion engines and prevent further global pollution.

Tesla is gaining momentum

From 2020 on battery day Tesla, the company has declared its interest in the mining business. At that time, even 4,000 hectares of concessions for lithium in Nevada.

But to date, the company has made no further progress in this regard.

For now, Tesla dedicated to processing lithium with a new plant under construction in Texas.

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Source: RPP

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