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Tesla (NASDAQ: TSLA) predicts a global shortage of nickel, copper and other battery-powered mineral batteries due to underinvestment in the mining sector, said its world-wide supply manager today. metals for batteries.
Sarah Maryssael, TSLA's global head of battery supplies, told a closed-door conference of miners, regulators and lawmakers that the company predicted a shortage of key minerals for motor vehicles, according to Reuters.
Electric cars use twice as much copper as internal combustion engines and smart home systems are expected to consume about 1.5 million tonnes of copper by 2030, compared to only 38,000 tonnes currently – a major concern for TSLA.
TSLA will continue to focus more on nickel as part of CEO Elon Musk's plan to use less cobalt in battery cathodes, added Maryssael.
Maryssael also reportedly told the conference that she sees a "huge potential" for partnering with mines in Australia or the United States.
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