Skip to comments.Australia's Piedmont signs lithium ore supply deal with Tesla, shares surge
Posted on 09/27/2020 9:59:32 PM PDT by RomanSoldier19
Piedmont Lithium PLL.AX on Monday said it signed a five-year deal with Tesla Inc TSLA.O to supply high-purity lithium ore mineral to the U.S. electric carmaker, prompting an 83% surge in the Australian lithium miner's shares.
The initial five-year agreement implies that Piedmont will supply about a third of its planned 160,000-tonnes-per-year spodumene concentrate produce from its deposits in North Carolina. Both companies have an option to extend the deal for another five years.
Shares of the Australian miner touched their highest since May 2007.
(Excerpt) Read more at reuters.com ...
Tesla futures up $19.55
Wonder where they dispose of these lithium batteries when they are no longer good....like to see some earth first idiots tackle that issue!
Tesla should move production OUT of china and move to Australia
Tesla is developing a ‘unique battery recycling system ...
Tesla confirmed this week that it is developing a “unique battery recycling system,” which the company believes will result in “significant savings” over the long-term.
They will be recycled by Tesla. Tesla has a partnership with the co-founder of Tesla who departed to form his own battery recycling plant. Cheaper for them to recycle batteries than to mine fresh ore. No other car company is doing recycling of electric car batteries.
Pretty much in std. landfills. EPA does not consider spent Li-ion batteries as hazardous waste. That said, some advances in recycling Li-ion batteries economically are coming along: https://www.pv-magazine.com/2019/03/25/innovation-boosts-lithium-ion-battery-recycling-rate-to-over-80/
Like it or not, electric is the future. For the high performance a 120k electric and beat any gas power soon. When you get into this situation of 1/10th the cost for equal performance it’s a done deal, politics or not.
FWIW, a quite interesting “new” lithium battery is on the market, now:
Most interesting, to me, anyway, is the availability in an AA, 1.5 volt package.
I wonder if the internal battery is actually 3.7 volts, and then internal circuitry regulates the output down to 1.5 volts? If so, does that limit the output current to a lower value than a “simple” NiMH AA battery?
I also wonder what the (charged) shelf life is like. Panasonic has their latest “Eneloop” NiMH AA batteries up to an almost amazing (for NiMH) 10 years, with 70% of the charge remaining. (Not to mention a charge cycle life of 2100 cycles!)
While the cost of fully recycling a lithium-ion battery is about 1 per kilogram, the value of the raw minerals reclaimed from the process is only about a third of that.Another way to look at the cost of extraction of lithium from old batteries is that it is 5 times more expensive than mined lithium. https://www.instituteforenergyresearch.org/renewable/the-afterlife-of-electric-vehicles-battery-recycling-and-repurposing/
I don’t think it’s that unfortunate, just means we should invest more into fission/fusion/hydro take make up the slack.
the important part of recycling
is to recover cobalt
Interesting article on “Spodumene”, the crystal most lithium used in manufacturing is found in:
Crystals 47 ft. across have been found in the Black Hills of South Dakota!
You’re not thinking into the future, eventually, and it maybe a long ass time, electric vehicles will completely outperform ICE. Cost/benefits included. Recycling included. This is like hanging onto vacuum tubes after the IC was out. It lasted for awhile, but eventually..
Piedmont Lithium ADR — PLL(NASDAQ)
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