Elon Musk and Texas Gov. Greg Abbott break ground on Tesla lithium refinery

Elon Musk and Texas Gov. Greg Abbott break ground on Tesla lithium refinery


Earn Mcnamee | Getty Illustrations or photos News | Getty Images

Tesla CEO Elon Musk joined Texas Governor Greg Abbott to split floor at the web page of the electric automobile maker’s new lithium refinery in Corpus Christi on Monday.

Tesla strategies to commit $375 million to make the facility on the Gulf coast that will help it protected a domestic source of lithium hydroxide, a critical ingredient applied to make batteries for its electrical vehicles, and its residence- and utility-scale batteries.

Musk reported that Tesla is aiming to make adequate battery-grade lithium at the refinery to manufacture one million vehicles for every yr, and to deliver far more lithium than the relaxation of North America’s refining ability blended there.

Mining corporation Albemarle introduced plans to devote $1.3 billion in a new lithium processing facility in South Carolina in March.

In accordance to filings with the Texas Comptroller’s place of work, Tesla exclusively ideas to assemble a “battery-grade lithium hydroxide refining facility,” and other “services to support other forms of battery elements processing, refining and manufacturing and ancillary production operations in assistance of Tesla’s sustainable product line.”

The business promised in its filings that “the procedure Tesla will use is innovative and created to consume a lot less hazardous reagents and create usable byproducts in contrast to the conventional procedure.”

On Monday, Musk claimed, “There is certainly no toxic emissions or anything — you could stay suitable in the middle of the refinery and not endure any sick effects.”

How Chile is shaping the global lithium industry

Tesla’s battery uncooked materials and recycling leader, Turner Caldwell, claimed at the occasion that the enterprise would discover “helpful use prospects” for the byproduct of its lithium, which they expect to be typically sand and limestone.

Generally, refining ore into battery-quality lithium demands an industrial procedure that contains crushing uncooked material, heating it at a higher temperature, and mixing it in a slurry with acids. One particular of the acids utilized in lithium processing commonly is hydrochloric acid, which is a dangerous air pollutant beneath the U.S. Clear Air Act.

Caldwell and Musk did not disclose the specific chemistry the organization would depend upon for processing.

Last 12 months in April, Musk mentioned Tesla may need to get into lithium refining because the value of the steel had “gone to insane stages.” Lithium price ranges have considerably declined given that he created individuals remarks.

Nonetheless, China still controls a lot more than 50 % of the world’s lithium processing and refining ability though the U.S. has recently controlled just 1%. Musk mentioned the availability of battery-grade lithium was a “elementary chokepoint” for the electrical vehicle market and other individuals.

Governor Abbott, a Republican, praised Elon Musk as the finest entrepreneur on Earth.

“Texas wishes to be ready to be self-reliant, not dependent on any overseas hostile nation for what we have to have,” he claimed.



Resource

Data centers are concentrated in these states. Here’s what’s happening to electricity prices
Technology

Data centers are concentrated in these states. Here’s what’s happening to electricity prices

Electricity prices are surging, voters are growing angry, and the artificial intelligence industry’s data centers are increasingly a target for blame with U.S. mid-term elections on the horizon. Residential utility bills rose 6% on average nationwide in August compared with the same period in the previous year, according to the U.S. Energy Information Administration. The […]

Read More
We’re looking to further trim this drug stock and exit this entertainment giant
Technology

We’re looking to further trim this drug stock and exit this entertainment giant

Every weekday, the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. 1. The S & P 500 turned higher Friday. The index opened lower after posting its worst one-day performance since Oct. 10. Still, Wall Street remains cautious of Big Tech’s […]

Read More
The question everyone in AI is asking: How long before a GPU depreciates?
Technology

The question everyone in AI is asking: How long before a GPU depreciates?

Nvidia President and CEO Jensen Huang speaks about NVIDIA Omniverse as he delivers the keynote address during the Nvidia GTC (GPU Technology Conference) at the Walter E. Washington Convention Center on Oct. 28, 2025 in Washington, DC. Anna Moneymaker | Getty Images As a handful of the world’s most valuable companies set out to spend […]

Read More