Read the story here. Advertise at Before It's News here.
Profile image
Story Views
Last hour:
Last 24 hours:

Tesla Energy director believes Australia can become a large supplier of lithium

% of readers think this story is Fact. Add your two cents.

Tesla Energy director Mark Twidell believes Australia is well-positioned to become a large supplier of lithium as demand for electric cars and large energy storage units continues to rise. 

Mark Twidell stood in for Tesla Chairman Robyn Denholm at the Southstart entrepreneurs conference in Adelaide recently. During the event, the Tesla executive said that Australia had a big opportunity in exporting lithium around the world. 

“Australia has the raw materials in abundance like no other nation on Earth,” Twidell said at the conference.

Lithium prices declined in 2020, partly due to the pandemic. At the beginning of 2021, Benchmark Mineral Intelligence stated that it expected the lithium market to come into tightness. 

“But the speed of price increases in Q1 2021 was beyond expectation, with prices for lithium carbonate having nearly doubled in price since the beginning of the year,” George Miller told the Investing News Network (INN). “Furthermore, shortages and sold out order books in Q1 were a stark change from Q4 2020, where lithium chemicals were freely available to consumers at lower prices.”

As the automobile industry embraces battery electric vehicles (BEVs) and the energy industry starts incorporating sustainable solutions with large battery storage units, demand for lithium will continue to grow. Tesla’s Twidell believes Australia has the opportunity to be at the forefront of exporting “climate solutions.” 

“Let’s actually increase the benefits to Australia,” he said, adding that the lithium-ion battery value chain is forecasted to be $400 billion by 2030.

During the TSLA first-quarter earnings call, Elon Musk firmly stated the critical role lithium-ion batteries will play in solving the energy storage problem. 

“There’s no question in my mind whatsoever that the energy storage problem can be solved with lithium-ion batteries, zero. I want to be clear, zero. I think the bias will tend to be toward iron-based lithium-ion cells.”

The Teslarati team would appreciate hearing from you. If you have any tips, email us at [email protected] or reach out to me at [email protected].

The post Tesla Energy director believes Australia can become a large supplier of lithium appeared first on TESLARATI.


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse


    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Load more ...




    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.