Shulou(Shulou.com)11/24 Report--

CTOnews.com January 24 news, Tesla CEO Elon Musk recently pointed out that in the transition to sustainable energy, there is no need to change copper production. However, he stressed that the extraction of lithium needs to be greatly increased.

On Sunday, Musk responded to a message from the Twitter account @ WallStreetSilv, which mentioned that in order for green technology to scale properly, the world needs to double its annual production of copper. The account also noted that "activists are using ESG to stop the development of new mines."

Musk responded by pointing out that the transition to sustainable energy should be achieved without changing copper production. However, Tesla CEO stressed that it is lithium that needs to be seen on a large scale.

"the transition to sustainable energy does not need to change copper production." "Lithium extraction needs to be greatly increased, but lithium ore itself is very common across the planet," Musk wrote. "

Although Elon Musk has pointed out in past interviews that Tesla would rather not enter the mining industry unless it is really needed, the electric car maker is exploring the possibility of building a lithium refinery on the Gulf Coast of Texas. The company has previously said it also needs more participants to enter the lithium refining industry.

CTOnews.com has learned that most electric car batteries need to be made from lithium, and with Tesla planning to significantly expand its business in the next few years, the company is looking for ways to obtain more raw materials for the batteries needed for its electric vehicles and energy storage systems.

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