Global shortages of nickel and copper used for electric car batteries could ...

Tesla could soon face MORE production woes as report claims lack of investment will lead to global shortages of nickel and copper used for electric car batteries Copper, nickel, lithium and related minerals are key components of EV batteries  Comments came at closed-door conference of miners, regulators, lawmakers  Automaker sees a shortage of key EV minerals coming, according to the sources 

By Reuters

Published: 16:37 BST, 3 May 2019 | Updated: 16:37 BST, 3 May 2019

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Tesla Inc expects global shortages of nickel, copper and other electric-vehicle battery minerals down the road due to underinvestment in the mining sector, the company's global supply manager for battery metals told an industry conference on Thursday, according to two sources.

The company, a major minerals consumer, has rarely talked publicly about its views on the metals industry. 

Copper, nickel, lithium and related minerals are key components used to make electric-vehicle batteries and other parts.

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Tesla Inc expects global shortages of nickel, copper and other electric-vehicle battery minerals down the road due to underinvestment in the mining sector, the company's global supply manager for battery metals told an industry conference on Thursday

Tesla Inc expects global shortages of nickel, copper and other electric-vehicle battery minerals down the road due to underinvestment in the mining sector, the company's global supply manager for battery metals told an industry conference on Thursday

Sarah Maryssael, Tesla's global supply manager for battery metals, told a closed-door Washington conference of miners, regulators and lawmakers that the automaker sees a shortage of key EV minerals coming, according to the sources.

According to a Tesla spokesman, the comments were industry-specific and referring to the long-term supply challenges that may occur with regards to these metals.

The copper industry has suffered from years of underinvestment, and it is now working feverishly to develop new mines and bring fresh supply online as the electrification trend envelops the global economy. 

Freeport-McMoRan Inc, the world's largest publicly traded copper producer, is expanding in the United States and Indonesia.

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