Tesla is worried that there soon will be some upcoming global shortages of minerals used to make batteries for electric cars, like nickel, copper, and lithium.
The electric revolution in the auto industry is increasing the demand for batteries at an incredible pace and in turn, it’s increasing the demand for some specific minerals used in the production of li-ion battery cells.
It’s difficult to understand just how big of an impact electric vehicles are on the battery market.
For example, Tesla became the world’s biggest battery consumer just a few years after achieving volume production of its electric vehicles.
At a Benchmark Minerals Intelligence conference today in Washington, Sarah Maryssael, Tesla’s global supply manager for battery metals, said that the automaker is concerned about some of those minerals, according to sources at the event via Reuters:
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