Rare Earth Minerals builds its pipeline as lithium demand continues
March 8, 2016 6:49 am
8 March 2016: Kiran Morzaria, CEO of Rare Earth Minerals, discusses the continued global supply and demand imbalance and how REM is building a business to meet that shortfall. Kiran also says REM continues to look for opportunities to expand. Lithium remains one of the most coveted minerals, while not technically a ‘rare earth’ lithium is needed by all battery makers around the world as an important element of the manufacturing procedure. With Tesla now having started production at its Gigafactory in Nevada, this will open up new demand as the company joins in with the major manufacturers in Asia that manufacture and assemble batteries that power modern day technologies, from phones to tablets to cameras to cars.
8 March 2016: Kiran Morzaria, CEO of Rare Earth Minerals, discusses the continued global supply and demand imbalance and how REM is building a business to meet that shortfall. Kiran also says REM continues to look for opportunities to expand.
Lithium remains one of the most coveted minerals, while not technically a ‘rare earth’ lithium is needed by all battery makers around the world as an important element of the manufacturing procedure. With Tesla now having started production at its Gigafactory in Nevada, this will open up new demand as the company joins in with the major manufacturers in Asia that manufacture and assemble batteries that power modern day technologies, from phones to tablets to cameras to cars.
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