Eye on Lithium: Elon Musk’s US$10 trillion Master Plan 3 for global EV production boost
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All your lithium news, Thursday March 2.
Elon Musk mapped out his $10 trillion dollar strategy for a global switch to electric vehicles, backed by plans to reduce the footprint of future manufacturing plants by 40% at the automaker’s ‘Investor Day’ in Austin, Texas on Wednesday.
While members of the audience were left hanging for new product information, Musk took the chance to address the crowd on Tesla’s Master Plan part 3, which charts out the build of new car and cattery cell factories as well as more cars per year at its existing factories.
— Alan Ohnsman 🚶🏼♂️🚲🚌🚄 (@alanohnsman) March 2, 2023
Tesla’s manufacturing leader, Tom Zhu, revealed the automaker had produced 4 million cars in total as of Wednesday and recorded 1.31 million full year deliveries in 2022 as it works towards reaching 20 million vehicles per year by 2030.
Musk also confirmed the automakers’ factory plans in Monterrey, Mexico, saying production there would “supplement, rather than replace, any manufacturing at other Tesla facilities.”
Our next Gigafactory will be in Mexico, manufacturing our next-gen vehicle pic.twitter.com/bk0IKrGtaZ
— Tesla (@Tesla) March 2, 2023
A total of 40 companies finished in the green, 54 fell flat and another 43 ended the day in the red.
Ongoing mapping across Patriot’s Wickenburg project in Arizona, USA has almost tripled the strike length of the Dove pegmatites.
Three pegmatites have now been mapped at Dove that exhibit potential for spodumene mineralisation.
The on-ground success and follow-up mapping at Wickenburg has not only significantly extended the strike length at Dove but also identified numerous additional pegmatite clusters in the vicinity of the Dove and Mammoth pegmatite targets within an area of at least 1.0km by 1.2km.
An initial rock chip sampling has been completed with samples now being prepared for submission to a laboratory for assaying. A soil sampling program at Dove and Mammoth is underway, with results expected within 10-12 weeks.
Soil geochemistry results have been received for tenement E63/2028, revealing areas of elevated lithium and caesium while drill strategies have been confirmed for tenement E63/2001 at the Dundas South project area.
The results, once again, demonstrate the requirement for further exploration activity, L1M says.
“Exploration is gathering momentum,” L1M CEO Alex Bigg says.
“It is pleasing to see the speed of progress of both the on-ground works and the development of our inaugural drill program.”
Promising results have been returned from an initial 1,077-hole auger geochemistry project at the Bulga Project in Western Australia.
Portable X-Ray Fluorescence (pXRF) multielement screening of the Phase 1 samples has identified a series of follow-up targets including a 7km by 2km LCT anomaly as well as nickel-cobalt-copper layered intrusives.
The auger geochemistry program has resumed with targeted infill drilling to refine targets further with historical exploration data review ongoing.
Avenira says its scoping study results for the lithium-iron-phosphate cathode manufacturing project in Darwin are “encouraging” and highlight the potential for the company to become a leader in the space globally.
Under the scoping study, the economics of the LFP Plant have been considered at two initial scales of production, at 10,000tpa LFP CAM and at 30,000tpa LFP CAM.
Both scenarios demonstrate the solid financial robustness of the project and highlight the optionality for Avenira to scale its operations progressively to meet the demand for electric vehicles and stationary storage.
“Our LFP plant will be the third of its kind and the fourth in total,” AEV executive chairman Brett Clark says.
“The design of the LFP Plant owned and operated by our proposed technology partner Aleees in Taiwan is currently being applied in Europe by FRYER3 and in the USA by ICL4 .
“Being the fourth plant significantly reduces our technical and execution risk. Our plant will target sales of LFP in the Asia-Pacific markets to electric vehicle (EV) and stationary storage manufacturers.”