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The ripple effect from Tesla's Gigafactory

Mar. 01, 2014 12:54 PM ETTesla, Inc. (TSLA) StockROC-OLD, SQM, ENS, ARTX, FMC, PPO, PCRFY, LAC, TSLA, LITBy: Clark Schultz, SA News Editor71 Comments
  • The new Gigafactory from Tesla Motors (NASDAQ:TSLA) could consume as much as 17% of the current global lithium output in a development that could ease concerns on oversupply, forecasts Goldman Sachs.
  • The EV automaker is expected to build the large facility in either Nevada, Arizona, Texas, or New Mexico - regions which are all close to major lithium factories.
  • Panasonic (OTCPK:PCRFY) will play a major role in the roll-out of the Gigafactory. Shares of the ADRs were up over 10% this week as enthusiasm built up over some of the potential down the road for the company in battery production.
  • Goldman notes that lithium producers such as Rockwood Holdings (NYSE:ROC) could be well-positioned if Tesla's Gigafactory helps support market demand for lithium.
  • A rising tide lifts all lithium boats: If lithium demand improves, other companies to watch in the lithium-ion battery industry include Arotech (NASDAQ:ARTX), Polypore Internationak (NYSE:PPO), Western Lithium (WLCDF), FMC Corporation (NYSE:FMC), EnerSys (NYSE:ENS), and Sociedad Quimica y Minera de Chile (NYSE:SQM).
  • Related ETFs: LIT

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