#Tesla delivers bad news for #Cobalt price, boost for rare earths

Slide 1Tesla is a proponent of #Nickel-#Cobalt-#Aluminium (NCA) technology which requires less than a third the amount of cobalt.

Nickel-Manganese-Cobalt (NMC) batteries favoured by most vehicle makers contain around 20% cobalt.

Musk said on Wednesday the cobalt content of its NCA cathode chemistry “is already lower than next-generation cathodes that will be made by other cell producers with a nickel-manganese-cobalt ratio of 8:1:1″.

Read more at: http://www.mining.com/tesla-delivers-bad-news-cobalt-price/

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