Elon Musk he is the richest man in the world and his main source of wealth is Tesla – his electric car maker. However, to continue thriving with this wealth, a company with operations in Brazil is needed. In today's article we will explain why this need and its consequences.
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Lithium is the main commodity in the creation of car batteries, however, its supply has become increasingly scarce. Due to the increase in the production of other technological devices, such as cell phones and computers, the demand for lithium has grown rapidly. Tesla is an electric car maker and is totally dependent on the supply of lithium for its production.
Brazil has gained a lot of prominence and has become the fifth largest lithium producing country in the world. In addition, the country still has the capacity to grow even more. In Minas Gerais, a lithium mine with great potential was found, which could bring a lot of profit to the market. With it, the Brazilian production of this commodity should double in relation to what is currently available. Furthermore, it is not only the quantity that must be evaluated, but the quality of the product. The company that was recommended by experts has essential factors, these being: quality lithium content, cheap production and ESG.
This company performs a hard rock extraction method that results in a purer metal. Thus, lithium has a lower level of impurity and its production cost becomes lower. In addition, it is a reference in terms of environmental responsibility. Therefore, it is possible to state that this company will be able to supply quality lithium to automobile companies. Therefore, it would be essential for Tesla to open a company operating in Brazil, to have greater ease in relation to access to this essential commodity.
