OTCPK:BCLMF - Post by User
Post by
Bluebirdson Aug 29, 2015 12:22pm
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Post# 24062269
A supply deal with Tesla is the holy grail for lithum miners
A supply deal with Tesla is the holy grail for lithum minersFrom London's Evening Standard: Striking a supply deal with electric car-maker Tesla is the holy grail for lithium miners. So when two AIM-listed lithium explorers conditionally signed up Elon Musks group as their first customer, their shares soared. Rare Earth Minerals revved up 0.22p or 24% to 1.12p and Bacanora Minerals raced 17.5p or 25% higher to 88.75p. It was thought that Wall Street darling Tesla would only source the lithium hydroxide needed for its car batteries in Nevada, where it is building its Gigafactory, but it looks as though it has set its sights further afield. Tesla claims that by 2020 the giant battery factory will be at full capacity and will produce more lithium ion batteries annually than were made in the whole of 2013 worldwide.