TSXV:WMG.H - Post by User
Post by
prospero10on Oct 16, 2020 11:52am
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Post# 31728553
Buzz on the Bullboards: Magnesium , Battery Metals...
Buzz on the Bullboards: Magnesium , Battery Metals...Business continues with Western Magnesium as it strives forward to become the No. 1 Global Producer of Green Magnesium Metal. Electric vehicle manufacturers have been vocal about global shortages of nickel, magnesium, and other electric vehicle battery materials. The decrease in the price of Tesla’s future electric car will be possible, in part, thanks to the development of the new 4680 batteries, which will be capable of producing 5 times more energy than the ones the company uses today, will provide 6 times more power and a 16 percent more autonomy. At the same time, they will be created with less expensive materials, such as nickel and magnesium in their cathodes instead of cobalt, scarce and very volatile in the market.
Tesla (TSLA) has taken its first regulatory step to prepare for the production of its new 4680 battery cell in Texas.