RE:RE:RE:Nice Jump - New drilling - Is it Rubidium And where is Sumitomo going to get this lithium?
Wirtz wrote: Yes Peter, not surprising, afterall, Lithium is considered to be a critical metal in acute supply.
Also from the Japan perspective,
Sumitomo Metals is constructing a new plant in Japan (Fukushima) to supply Lithium Oxide material for Tesla Motors made by Panasonic. The new plant is anticipated for completion in December 2015. The increase in output is to cope with the intense demand (more than 20,000 pre-orders) for Tesla's newly minted Model X which will begin to roll-out in the fall of 2015.
The Reno Nevada Giga plant is anticipated to be operational in late 2016.
wirtz.