Bullish investors add $90bn to top 50 biggest mining companies

The Model 3 alone represented 16% of electric vehicle battery capacity deployed globally in May.

The NI 43-101 technical report notes that past exploration results intersected significant graphite mineralization in drill holes and trenches.

While the prices for key battery minerals have so far been subdued in 2019, the general excitement about the future wide adoption of EVs continues to fuel activity.

Today's results include multiple intercepts over 100 metres or exceeding 10% Cg (carbon flake graphite).

The Matawinie project has been the subject of a feasibility study for an all-electric, open pit mine.

Tesla CEO says product rollout is tied to battery production and "we have to look further down the supply chain."

The company's proposed production facility at Kwinana, near Perth in Western Australia, would manufacture battery graphite worth $72 million a year for export.

The company says the production process rapidly exfoliates Albany graphite into few-layer graphene with a conversion efficiency of over 90%.

The new regulations may have a further, more unexpected effect on the steel sector, and the nascent electric vehicle battery industry.