Tesla's Model 3 Launch: Where Will The Lithium Come From?
Tesla’s LCE consumption as a percentage of global lithium supply increased from 0.12% in 2012 to 3.43% in 2016 and would jump to 5.91% with the launch of the Model 3 in 2017 and to 13.62% once Tesla starts producing half a million EVs a year in 2018. Moreover, if Elon Musk fulfills his promise to produce one million EVs by 2020, Tesla’s LCE consumption would most likely surpass 20% of global lithium supply.
https://seekingalpha.com/article/4065523-teslas-model-3-launch-will-lithium-come
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Stonewall Project in Nevada is US' only producing lithium mine
Rare Earth Minerals (AIM: REM) announced this morning that Macarthur Minerals (TSX VENTURE: MMS), in which REM holds a 15.5% share, has made an encouraging acquisition of a Lithium project in Nevada, near Tesla's gigafactory.
Macarthur acquired the Stonewall Project in Nevada's Lida Valley Basin, adjacent to the United States' only producing lithium mine. The project is located in the Nevada lithium supply hub, c.300km from Tesla's new Gigafactory, which is expected to produce 35 gigawatt-hours per annum by 2020.
Stonewall is also located only 48km from Pure Energy Minerals' lithium project, one of only two projects known to have a conditional agreement with Tesla.
https://www.research-tree.com/blogs/news/rare-earth-minerals-gain-exposure-to-lithium-project-close-to-tesla-s-gigafactory
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