Vlad Kovalenko + 115 VK January 29, 2018 (edited) Tesla is currently in talks with Chile’s largest lithium producer Sociedad Química y Minera, as a possible partner in the development of a processing plant in the South American country. The deal would likely result in a new facility that would aid Tesla in securing the supply of raw material used in lithium-ion batteries. Edited January 29, 2018 by Vlad Kovalenko Quote Share this post Link to post Share on other sites
Selva + 252 SP January 29, 2018 Chile's lithium industry could significantly improve the South American economy. This country owns 54 percent of the world's lithium reserves. Quote Share this post Link to post Share on other sites
Vlad Kovalenko + 115 VK January 29, 2018 Yes, it is already estimated that the lithium industry can attract about $10 billion in investment and up to 10,000 new jobs. This investment could be a big deal for Chile. Quote Share this post Link to post Share on other sites
Selva + 252 SP January 29, 2018 Everyone will want to be close to Chile now because this country will probably be a key for any company wanting to become global on EV market. Tesla smelled it before everyone else. Quote Share this post Link to post Share on other sites
Vlad Kovalenko + 115 VK January 29, 2018 Sounds like a logical, strategic move from Tesla. This is a a good win-win deal. Quote Share this post Link to post Share on other sites
Adam Varga + 123 AV January 29, 2018 This announcement looks just like another Tesla's attempt to pump its stock price. Nothing more. The supply of cobalt is a bigger problem in this industry. Quote Share this post Link to post Share on other sites
Selva + 252 SP January 29, 2018 I disagree with you. Although cobalt is a key component for EVs it seems intuitive that Li-ion batteries still require lithium. That's the point of this agreement with the Chileans. Quote Share this post Link to post Share on other sites
Rodent + 1,424 January 29, 2018 South America could definitely use a bit a cash inflow. But where there is a winner (in this case, South America and even Tesla), there is often a loser. Who is the loser in this scenario. Quote Share this post Link to post Share on other sites
TraderTate + 186 TS January 30, 2018 Chile, Argentina, Bolivia to choose from in this 'lithium triangle'. SQM would be the best partner to that end. Rock on, TSLA. Quote Share this post Link to post Share on other sites