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Billionaire Elon Musk's strategic investment in Brazil aims to exploit lithium reserves to boost Tesla's electric car production and transform Brazil into the richest country in the Americas
Elon Musk has been showing increasing interest in Brazil in recent years. After visiting the country in 2022 to launch the Starlink internet, the tycoon's investment focus is now on lithium, a mineral essential for electric vehicle batteries. Known as the “new oil of the 21st century,” lithium is attracting global companies, including Tesla, which Musk aims to expand using Brazil's vast reserves.
This investment in Brazil, with large lithium reserves, mainly in Minas Gerais, represents a strategic opportunity for mining, capable of benefiting from the growing global demand for the mineral and the need for more sustainable production.
The country has around 1,2 million tonnes of lithium, making it one of the world’s largest holders of the resource. Rising demand for rechargeable batteries is boosting export prospects. Global demand for lithium is expected to quadruple by 2035, reaching 4 million tonnes, driven by growth in electric car sales.
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SUSTAINABLE PRODUCTS
Lithium in Brazil: sustainability and attracting billion-dollar investments from Elon Musk, currently dominated by large producers such as Australia, Chile and China
Currently, the lithium market is dominated by large producers such as Australia, Chile and China. Brazil, however, has an important difference: a more sustainable extraction method. While the Lithium Triangle (Bolivia, Argentina and Chile) uses techniques that affect local ecosystems, Brazil adopts a cleaner model.
Lithium is extracted from rocks through drilling, without the use of harsh chemicals or evaporation processes that release carbon. This “green lithium” has attracted companies such as BYD and Sigma Lithium, as well as Elon Musk, who sees the value in environmentally friendly methods for producing his electric vehicles.
'White gold': the secret to producing electric car batteries
The sustainability of Brazilian extraction attracts automakers seeking to minimize their environmental impact. The country's environmental commitment positions it as a potential hub for sustainable innovation, with the potential to become a production center for batteries and electric vehicles, especially with projects such as that of Bravo Motor Company, which plans to install an industrial complex in Nova Lima, Minas Gerais.
Elon Musk and billion-dollar investments in strategic reserves
In addition to its large reserves, Brazil has the potential to lead the electric vehicle economy. With the Chinese company BYD investing R$5,5 billion to set up a factory in the country, Brazil is already attracting giants in the sector. Sigma Lithium, which owns the largest lithium reserve in Brazil, has also been targeted by investors. Musk tried to acquire this mining company, and although the negotiations did not move forward, he remains on the lookout for new opportunities.
Tesla already has an agreement with Vale to supply nickel, which is essential for electric car batteries. With the growing attention on sustainable Brazilian lithium, there is a chance that Musk will open a Tesla factory in Brazil, which would create thousands of jobs and strengthen the economy, consolidating the country as a sustainable hub for electric vehicles in Latin America.
Sustainable lithium mining in Brazil and the future of batteries and electric vehicles
Despite the potential, the race for lithium in Brazil presents challenges. Although local mining is more sustainable than in other countries, there are still environmental impacts to consider. There are also socioeconomic challenges, requiring planning so that the country can seize this opportunity without repeating past mistakes.
With demand for lithium projected to grow through 2040, Brazil has a historic opportunity to become a global leader in the electric vehicle market. Maintaining a focus on sustainable investments and practices could position the country among the largest manufacturers of batteries and electric vehicles, strengthening the economy and paving the way for a sustainable energy future.
1,2 million ???? LOL
This material is never worth just 5 billion, since what you take from our land will make a profit of 50 billion or more. Get out of here mask
Brazil is in fact a country very much in the hands of a few who do not have the discernment to exploit and contribute to the people by providing more peace of mind and assistance in health and education. Brazil is living on crumbs from abroad, since they buy our riches for an avocado and then we buy the products for an absurd price.
Well, we should prohibit these companies from mining in our country and only allow Brazilian companies to do so. That's why we can't get out of poverty. He has to mine in his own land, in the United States. I didn't come here to steal. He never helped anyone in Brazil, until the internet, he wanted to avoid paying taxes.
It's time to show that it's huge to explore minerals to lift this country out of poverty.
We have to explore with our industries and not these American **** here to steal, we have mining companies here, why do we have to let a **** like that from another country steal our mineral, then the Brazilian goes there to mine, they go and set it on fire instead of legalizing it
😡*We don't need Elon Musk's help. To mine our own gold, send him to mine it in his country. We should invest in Brazilian companies and not in these scoundrels from Uncle Sam. There are many Brazilian mining companies. There's no need to send a company from the United States to come here and steal.*