As a company that requires Earth’s minerals for its tech, Tesla is voicing concerns over the shortage of battery minerals, such as cobalt, lithium and copper.
For the last couple of decades, the copper industry has been unproductive and has been suffering from underinvestment. Technology, is now changing that.
Mine entities are now starting new mines, while restoring older sites to meet the increasing demand. Australia and the US signed a deal last year for a joint research and development of minerals that are considered important for the US economy.
The demand for copper is going sky high not just because of electric vehicles, but also because of modern IoT devices like Amazon Echo and other home assistants, which use high amounts of copper in production.
Metal Tiger plc (LON:MTR) is listed on the London Stock Exchange AIM Market with the trading code MTR and invests in high potential mineral projects with a base, precious and strategic metals focus.