Insight Musk misses the big picture on lithium mining


Soaring lithium prices have dampened the excitement around electric vehicles (EVs). Musk noted that the production of the white metal was the biggest “limiting factor” for EVs.

ELON MUSK has a suggestion for entrepreneurs: Get into lithium mining for juicy margins. It’s a pithy recommendation, but it fails to grasp the complicated challenges for producing more of the metal.

Soaring lithium prices have dampened the excitement around electric vehicles (EVs). Musk noted that the production of the white metal was the biggest “limiting factor” for EVs.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

EV , Elon Musk , lithium , mining , battery , insight ,

   

Next In Business News

MAHB first-quarter traffic the highest since 2020
PepsiCo's first-quarter results beat as international demand drives growth
Spotify profits up, but lower marketing hits user growth
Rafizi: Economy continues to strengthen along with Bursa Malaysia
MAHB's 1Q24 traffic hits more than 90% recovery rate against 1Q19
IRDA's RM636bil investment goal to help propel Malaysia into top 30 global economies
DXN Holdings net profit for FY24 rises to RM310.99mil
Ringgit closes slightly lower against US dollar
Inta Bina bags RM170mil construction job
PETRONAS Gas commits to sustainability, announces total dividend of 72 sen per share

Others Also Read