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Business

Lithium Suppliers Plan For Growth

by Melody M. Bomgardner
September 7, 2015 | APPEARED IN VOLUME 93, ISSUE 35

Mexico-based Bacanora Minerals plans to mine lithium from a clay deposit in northern Mexico to supply lithium chemicals to Tesla Motors’ giant battery factory, currently under construction in Sparks, Nev. Bacanora must first raise money to develop the mine and a processing plant, which it says will have a capacity of 35,000 metric tons of lithium hydroxide and carbonate. Tesla expects its so-called gigafactory to begin production in 2017. Albemarle recently began commissioning a $200 million lithium carbonate plant in Chile that will supply the battery market.

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