Restomod Porsche Specialist Paul Stephens Creates A (911) 993R And It Looks Gorgeous
2022 Toyota Land Cruiser Has Been Converted Into A Pickup Truck In Australia
Checkout The Lamborghini Urus Rescue Vehicle That Is Built To Save The Rich
The Milivie 1 Is A Restomod Volkswagen Beetle Worth 570,000 Euros
Porsche’s Most Practical Vehicle, The Cayenne SUV Clocks 20 Years
Ferrari Introduces A 600Hp Twin Turbo 296 GT3 Sports Racer Car
Japan’s Super GT Race Series Set To Use The Nissan Z As Its Safety Car
Mitsubishi Returns To Rallying With The 2022 Outlander SUV
Cadillac’s Forthcoming Hybrid Hypercar Set To Compete At The Le Mans
D’Banj Set To Lead The Nigerian Team To The 2021 FIA Motorsport Championship In France
Jacky Hathiramani, Kia Nigeria CEO Emerges Nigeria’s Auto Personality Of The Year
Kia K5 wins ‘Executive Car of the Year’ Award At The NAJA Awards
Range Rover Velar Awarded NAJA’s Luxury SUV of the Year 2021
Coscharis Showcases Locally Assembled Renault Cars At The Just Concluded Abuja Motor Fair
Kia Takes The Centre Stage At The 21st Abuja Auto Fair, Sets The Pace With Trendsetting Models
Evolution Of kia Rio From 1999 Till Date
8 Cars Named After Cities
GM: Demand For The 2024 Chevrolet Silverado EV Pickup Is Very High
Land Rover Defender 90 V8 3-Door Is A Unique SUV And The Last Of Its Kind
Ford Mustang Is The Best-Selling Sports Car Globally 7 Years In A Row
Car Dealer Calls Out Singer Reminisce Over An Unpaid Car Debt
Popular Instagram Comedian Oluwadolarz Acquires Another Ride, A Lexus Gx460
U.S Soldiers Prepare Two Hundred M113 APCs For Ukrainian Defense
Drake Gifted A Rolls-Royce Phantom For His Birthday – Same Car He Used To Rent When He Couldn’t Afford One
Instagram Comedian Ben Cash Buys Mercedes Benz GLK SUV (PHOTOS)
Mini Showcases Aceman Crossover EV Concept With Classic Elements
Volkswagen Launches An Electric Luxury Sedan Concept In The I.D Aero
Polestar 5 Prototype Debuts With 872 Hp From 2 Motors
Honda Teases Production Version Of Its All Electric Prologue SUV
Mercedes Vision AMG Concept Unveiled As A High Performance EV For AMG’s Future
GMC Takes The Lid Off The Rugged Yet Luxurious 2023 Canyon Pickup Truck
Ford Bronco And Bronco Sport Get Retro Inspired Heritage Edition Models
2023 Lexus GX Black Line Limited Edition Launched With Only 3000 Units Available
Cult Classic Meyers Manx Dune Buggy Returns As An EV With 300 Miles Range
Lucid Adds A New Stealth Look Package Trim To Its Air Luxury EV
When Tesla Tried To Show Off Cybertruck’s “Unbreakable” Windows But Shattered It During Live Demo (Video)
Hongqi LS7 Flagship SUV Starts At $215,700 – The Most Expensive Chinese Car In The Market
Watch As Hyundai Ends Up Driving Over A Lamborghini At A Junction – But Who Is At Fault?
Evolution Of Toyota Avalon From 1995 Till Date
GAC Motor Accredited Dealers In Nigeria And Their Locations
Win A Brand New Nissan Kicks As Valentine Gift
Jumia Is Giving Out A Car This Black Friday !
PUBLIC NOTICE: Nigeria Customs Car Auction Commences
Everyone Deserves A Soul! Own A Kia Soul For As Low As N159,840/Month
Rivers Pastor Gifts Poor Window A Lincoln Navigator. Guess What She Did To It? (Photos)
How To Buy And Sell Cars, Spare Parts On Carmart.ng
7 Best Car Tracking Companies In Nigeria
Our Toyota Vehicles Have Full Warranty And Are Tropicalised – Globe Motors
Mercedes Benz E-Class & S-Class Rentals Now Available In Lagos & Abuja With Jautos
You Can Now Rent Rolls Royce Cars And Limousines In Lagos Nigeria At Affordable Prices From Jautos
How To Reset Oil Maintenance Required Light In 2013-2018 Toyota Avalon After Oil Change
How To Reset Maintenance Required Light In 2005-2012 Toyota Avalon After Oil Change
How To Reset Oil Maintenance Required Light In 2007-2012 Lexus ES350 After Oil Change
How To Reset Maintenance Required Light In 2012-2014 Toyota Camry After Oil Change
How To Differentiate Between 4-Cylinder And V6 Toyota Venza By Just Looking At The Wheels
Made-In-Nigeria Car, ‘IYI Celebrity’, Is A Celebrity On Wheels (Photos/Video)
Debola Williams Spotted Driving A Tractor As He Encourages Agribusiness (Photos/Video)
The Moment Hushpuppi Received His Rolls-Royce Cullinan (Video)
Nigerian Policemen Searching For A Car’s Engine Number (Funny VIDEO)
Watch How Lagos Residents Scramble To Board Commercial Vehicles In 1971 (Throwback VIDEO)
Published
on
By
The minister of Mines and Steel Development, Olamilekan Adegbite, has said he declined an offer by Tesla to get raw materials from Nigeria.
Lithium is one of the components used in electric car batteries. There has been more than eightfold surge in the price of lithium since the start of 2020, according to Financial Times.
This has put the raw material at the heart of a global competition that has pitted the world’s largest carmakers against each other and drawn in governments as they all race to increase and safeguard supply.
Speaking at a summit titled, “Leveraging Future Minerals for Sustainable Development”, Adegbite said a Tesla representative approached him at a summit in Saudi Arabia and showed interest in getting Lithium from Nigeria but he rejected the bid and asked Tesla to set up battery industry in Nigeria.
He said establishing the battery industry would improve the value chain of mineral exploration in Nigeria.
Adegbite said mineral demand from electric vehicles and battery storage is predicted to grow 10 to 30 times by 2040.
He said electric vehicles and battery storage would account for about half of the energy minerals demand over the next two decades, spurred by the increasing demand for battery materials.
“Nigeria is richly endowed with critical minerals. Lithium and tantalum are found in parts of the extensive pegmatite belts of Nigeria,” he said.
He explained that the future minerals are the metallic or non-metallic elements essential for the growth and functions of modern technologies.
He said many nations were aggressively initiating policies and strategic models to ensure the accelerated development of the critical energy minerals.
Adegbite said in July, the U.S Senate passed an act with incentives for developing critical minerals, adding that Australia is also considering investment packages to stimulate exploration.
According to him, China also stepped up imports from developing nations to bolster critical minerals stockpiles.
Observing that the growing demand for critical minerals is propelled by the urgent need to secure a low-carbon future, he said, “Countries are increasingly relying on rare earth elements and critical minerals to support their climate commitments.”
Adegbite said the 2015 Paris Agreement on Climate Change emphasised the need to decline the use of non-renewable components in energy generation.
He said renewable sources of energy provide an alternative to the energy transition economy.
“The consequence of this major shift is a high demand for critical minerals for use in climate-friendly technologies. The World Bank has estimated the demand for these minerals to triple by 2040. Undoubtedly, the deployment of critical minerals for a clean energy transition will remain significantly intensive for a long time,” he said.
Source: DailyTrust
GAC Motor Accredited Dealers In Nigeria And Their Locations
Lagos State Government Announces Traffic Diversion On Marine Bridge
Emeka is a Contributor at Autojosh. A graduate of Electrical/Electronic Engineering with a B.Eng degree. Emeka is a car enthusiast who is interested in traveling, writing, movies and driving. He also loves drinking garri with cold water.
Tesla Model S Plaid Dethroned As Fastest EV At The Nürburgring By Porsche Taycan Turbo S
Emirates To Reduce Operations In Nigeria Due To ₦60 Billion Trapped Revenue
After 8 Years, Tesla Now Begins Monthly Subscription For Connectivity Services
Pagani Set To Focus More On V12 Supercars Than Electric Powerplant
Weststar Reiterates Its Commitment To Its Authorized Mercedes-Benz Dealerships In Nigeria
Coscharis Motors “Ford Heavy Duty Trucks Finds Home In Nigeria”
Your email address will not be published. Required fields are marked *

Please enable JavaScript to submit this form.



Copyright © 2022 AutoJosh Automotive Company Limited.

source

Leave a Reply

Your email address will not be published.

You May Also Like

Why over 200 soldiers applied for retirement – Nigerian Army – Premium Times

FILE PHOTO: Troops of the Nigerian Army. [PHOTO CREDIT: Official Twitter handle…

2023 General Election: A Decider On Nigeria's Democracy And Unity – Nigerian Observer

By RICHARD EWEKA 12 hours ago POLITICS Leave a comment 41 Views…

Just InAgain, terrorists attack Military checkpoint at Zuma Rock, Abuja, reportedly kill Soldiers in shootout – Vanguard

Just InAgain, terrorists attack Military checkpoint at Zuma Rock, Abuja, reportedly kill…

Nigeria set for additional 20000bpd as FIRST E&P loads out Madu CSP – Tribune Online

Tribune Online – Breaking News in Nigeria Today The Nigerian National Petroleum…