Lithium and auto makers getting into mining as supply chain upstream control?
Lithium prices rose from $4,450 per ton in 2012 to $78,032 per ton in 2022. Price of Lithium since 2012 and Elon Musk "getting" into mining? Elon Musk advised that the mineral is available in abundance but the refining process is expensive. Does this mean that Tesla $TSLA or his "The Boring Company" will be entering the fray of mining and refinery solutions? This will get really interesting as Elon Musk has revolutionised every business he entered. If Elon gets into this, Tesla stands to enjoy a greater costs advantage and control of his production than the competitors. BYD looks to be getting into this space too as per the news below. Extract from Pandaily.com news on 23 Mar 2022: Shenzhen Chengxin Lithium Group Co., Ltd., a Chinese developer of lithium materials, announced on Tuesday that it plans to raise up to 3 billion yuan ($471 million) by introducing BYD as a strategic investor through a targeted stock issue. Upon this issuance, it is expected ...