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January 1, 2017 05:00 pm GMT
The battery industry uses 42 percent of global cobalt production, critical for Lithium-ion cells. Much of the world’s supply of cobalt comes out of Africa. Chinese players recently bought controlling stakes in one of Africa’s largest known cobalt sources. Tesla has stated that the cobalt it needs will be sourced in North America, but the math doesn’t add up. Is Tesla doomed? Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/ih_j6U-XnkI/
No cobalt, no Tesla?
The battery industry uses 42 percent of global cobalt production, critical for Lithium-ion cells. Much of the world’s supply of cobalt comes out of Africa. Chinese players recently bought controlling stakes in one of Africa’s largest known cobalt sources. Tesla has stated that the cobalt it needs will be sourced in North America, but the math doesn’t add up. Is Tesla doomed? Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/ih_j6U-XnkI/
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