Mining international waters is in the spotlight as companies are looking at minerals concentrated on the ocean floor that can be used in batteries for smart phones and electric vehicles.
While the auto giant has EV metals contracts with suppliers across the globe, its goal to produce 20 million vehicles annually by 2030 will require vastly more supplies of metals.
Redwood currently recycles lithium, cobalt, copper and aluminum from several sources, including the Nevada battery plant jointly owned and operated by Panasonic and Tesla.