Tesla “battery day” a possible blow to cobalt miners – by Cecilia Jamasmie (Mining.com – September 21, 2020)

https://www.mining.com/

Elon Musk’s electric car company Tesla hosts its annual shareholder meeting on Tuesday, Sept. 22, followed by the highly anticipated “battery technology day”, a worldwide live-streamed event during which the firm is expected to unveil its own new type of battery cell.

Speculation points to a cobalt-free battery that uses more of less costly metals such as nickel and manganese.

Tesla currently uses the nickel rich nickel-cobalt-aluminum cathode chemistry, which has a low cobalt content of about 5%, for their cars produced outside China.

The company also embraces the Responsible Minerals Initiative (RMI) to identify red flags such as child labour in their cobalt sourcing.

A reportedly signed deal between Tesla and Glencore (LON: GLEN) in June has cast doubts on the company’s statement that it’s close to eliminating cobalt from its batteries altogether.

For the rest of this article: https://www.mining.com/tesla-battery-day-a-possible-blow-to-cobalt-miners/

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