Tesla Inc's plan to produce lithium for electric vehicle batteries close to its Nevada Gigafactory faces stark challenges from the outset, including an onerous permitting process, uncertain access to water and questions about unproven methodologies.
In Nevada, Tesla plans to mix clay with table salt and then add water, which it says causes a reaction where the salt would leach out with lithium, which can then be extracted. The leftover clay would be put back in the earth to mitigate environmental damage. Lithium Americas has said it is confident it can successfully extract lithium from clay through a process that involves acid leaching. Tesla said its process won't involve acid, fueling further questions.
"Mining lithium is very challenging," said Pedro Palandrani of the Global X Lithium & Battery Technology ETF, which holds shares in Tesla and lithium producers."If Tesla really wants to fly solo, we're talking about four to five years to really see any kind of lithium production."
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