The value of the day on Wall Street Tesla well oriented after its plan to open a lithium refinery in Texas

The title of the electric vehicle manufacturer jumped 3.14% to 298.37 dollars on the New York Stock Exchange. Tesla is considering opening a lithium refinery on the Gulf Coast of Texas to secure its supplies in this area, Reuters reveals, based on a document filed by Tesla with the relevant Texas authorities. At the beginning of August, it was General Motors which announced the conclusion of a major multi-year delivery agreement with Livent to secure its stocks of this essential component for electric vehicle batteries.

Group CEO Elon Musk also tweeted that Tesla could enter the large-scale mining and refining industry directly as lithium prices rise.

During the month of August, it was the turn of Volkswagen and Mercedes to sign memorandums of understanding with Canada concerning the manufacture of batteries and the supply of rare metals during the visit of German Chancellor Olaf Scholz. “We will strengthen cooperation and collaboration on the manufacture of sustainable batteries, the supply of critical minerals, supply chains, R&D, and more”, promised on this occasion Justin Trudeau , Prime Minister of Canada.

source: AOF

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