Tesla Plan to Change the Global Battery Supply Chain

Benchmark Mineral Intelligence monitors and advises the global battery industry. They gave their reaction to Tesla anode and cathode and lithium announcements.

The World produced 180 GWh of batteries in 2019.

Tesla is going upstream in the battery supply chain. This will change the world from a China-dominated battery supply chain.

Piedmont Lithium Limited has entered into a five-year deal to supply Tesla with spodumene concentrate (“SC6”) from Piedmont’s North Carolina deposit.

Benchmark Minerals Intelligence does not know how Tesla would be able to eliminate the steps in battery production or make the silicon cathode or the anode.

Tesla’s announcements are an earthquake for the battery supply chain and the mines and suppliers.

SOURCES- Benchmark Mineral Intelligence, Tesla, MeetKevin
Written By Brian Wang, Nextbigfuture.com (Brian owns shares of Tesla)