What does Elon Musk say about lithium mining?

Elon Musk says there's big money to be made by turning raw lithium into battery chemicals, but shrinking profit margins suggest the mining end of the business might still be a better bet.

Why does Elon Musk want lithium?

Musk says it would be the first lithium refinery in the U.S. An expert says Musk needs to get into the lithium business to ensure the supply he needs to power Tesla car batteries.

Is Elon Musk investing in lithium?

Tesla CEO Elon Musk confirmed during an earnings call that his company plans to build a lithium refinery in the Texas Gulf Coast town of Corpus Christi, aiming to gain greater control over the battery production supply chain.

Are lithium mines destroying Earth?

The demand for lithium for EV batteries is driving a mining boom in an arid Andes region of Argentina, Chile, and Bolivia, home to half the world's reserves. Hydrologists are warning the mines could drain vital ecosystems and deprive Indigenous communities of precious water.

What is the problem with lithium mining?

Why is lithium extraction bad for the environment? Any type of resource extraction is harmful to the planet. This is because removing these raw materials can result in soil degradation, water shortages, biodiversity loss, damage to ecosystem functions and an increase in global warming.

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Why don't we mine lithium in the US?

Despite dozens of potential lithium mines in the United States and in Canada, most projects are in various stages of development and many are years away from production, particularly with environmental lawsuits delaying development due to multiple entry points for litigation in U.S. regulatory law.

Is lithium mining worse than fracking?

Based on what is currently known, fracking is a much more dangerous process than lithium mining, but unfortunately, both seem to be essential to the world today. Many countries, companies, industries, and individuals are dependent on oil and natural gas.

Is lithium mining worse than coal mining?

As with all mining, there are concerns about lithium mines, but some experts overstate the potential environmental cost while neglecting to mention a big advantage: mining for lithium is much cleaner than mining for coal. Lithium is also much more efficient.

Is lithium worse than gas?

While electric cars reduce fossil fuel emissions once they are on the road, the production of the lithium-ion batteries that power them causes more displacement and CO2 emissions than the production of regular gas-powered cars.

How toxic is lithium for the environment?

Lithium batteries are generally considered not an environmental hazard except when containing toxic (heavy) metals and disposed of in large quantities. The literature survey has indicated that lithium is not expected to bioaccumulate, and that its human and environmental toxicity are low.

Is Tesla moving away from lithium?

Tesla is changing the battery cell chemistry that it uses in its standard range vehicles, the automaker said Wednesday in its third-quarter investor deck. The new batteries will use a lithium-iron-phosphate (LFP) chemistry rather than nickel-cobalt-aluminum which Tesla will continue to use in its longer-range vehicles.

Does lithium have a future?

Lithium demand is expected to rise from 500,000 tonnes of lithium carbonate equivalent (LCE) in 2021 to somewhere between three million and four million tonnes in 2030. This conventional lithium supply is expected to grow by over 300% between 2021 and 2030.

Where does Elon get his lithium?

Tesla buys lithium for its batteries directly from mines. In spring 2022, the company reportedly signed two significant contracts with Australian mining operators; specifically, the lithium-spodumene concentrate comes from Core and Liontown Resources. In addition, Tesla purchases lithium hydroxide from Ganfeng.

What technology will replace lithium?

Sodium-ion batteries are an emerging technology with promising cost, safety, sustainability and performance advantages over commercialised lithium-ion batteries.

Who owns the world's largest supply of lithium?

With 8 million tons, Chile has the world's largest known lithium reserves. This puts the South American country ahead of Australia (2.7 million tons), Argentina (2 million tons) and China (1 million tons).

Will lithium be a good investment?

The future is being powered by lithium, a metal that is the key ingredient for making lightweight, power-dense batteries. Electric vehicles (EVs) depend on lithium batteries and EV sales are seeing massive annual growth, and analysts expect global EV sales to increase 57% in 2022 on a year-over-year basis.

Can lithium damage your brain?

Prolonged lithium intoxication >2 mM can cause permanent brain damage. Lithium has low mutagenic and carcinogenic risk.

Which is worse for the environment lithium or oil?

Mineral mining certainly creates local adverse environmental impacts, but overall, drilling and refining and transporting oil are worse. Lithium mining can have significant adverse environmental impacts, but there are potential solutions to these problems.

Where is lithium mined in the US?

Spurred by a growing demand for battery parts essential for electric vehicles, the US's only major lithium mine, in Silver Peak, a remote outpost situated in desert scrub and nascent Joshua trees a three-hour drive north of Las Vegas, is doubling its production.

Can lithium be recycled instead of mined?

Most commonly, lithium batteries are recycled in large plants by a process of shredding the whole battery down to a powder. This powder is then either smelted (pyrometallurgy) or dissolved in acid (hydrometallurgy), thereby extracting the individual elements for resale.

How much longer can we mine lithium?

Because lithium is not an infinite resource. In fact, according to Kipping, once EVs dominate the car market, there's about 70 years' worth of lithium until the identified global reserves are themselves depleted.

How long will lithium mining last?

The supply crunch won't hit immediately. Even though the price of lithium has surged more than tenfold over the past two years, there's enough capacity to meet anticipated demand until around 2025—and potentially through 2030 if enough recycling operations come online. After that, chronic shortages are expected.

Are lithium batteries worse than fossil fuels?

If You Compare Lithium Mining vs Fossil Fuels, What Is the Environmental Impact of Batteries vs Non-Renewable Energy? While the hazards of lithium mining can cause significant harm to the environment during its production, it is still more environmentally friendly than fossil fuels.

Who is the biggest miner of lithium?

Australia accounted for 52% of global lithium production in 2021 and was the #1 lithium mining country in the world. Chile ranked #2 with its 24.5% share followed by China's 13.2% share.

Is lithium mining ethical?

Lithium is mined and processed to make it useful. In recent years, there have been reports of unethical activities at lithium mines, such as mistreatment of miners, overuse of freshwater sources and the destruction of local ecosystems.