LONDON, Feb 7 (Reuters) – Tesla, the pioneer of the electric vehicle revolution, is turning to Chile to secure the lithium it needs to power its mass production drive.
Tesla and Chilean lithium producer SQM are “exploring” opportunities after the automotive company expressed interest in buying “important volumes” of the battery ingredient, according to Eduardo Bitran, head of Chilean development agency Corfo.
It’s an obvious place for Tesla’s chief executive, Elon Musk, to look for secure supply. The global lithium mother-lode is in the brine lakes of Chile’s Atacama desert. Continue Reading →