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Tesla Expected to Locate Gigafactory in Nevada

The Wall Street Journal reported that Tesla Motors Inc. (NASDAQ:TSLA) is expected to locate its planned $5-billion lithium-ion battery gigafactory in Nevada. The decision may be disclosed today at a press conference.

Jinchuan Output Cut May Boost Cobalt Prices

Metal Bulletin reported that due to maintenance, China's Jinchuan Group International Resources Co. Ltd. (HKEX:2362) will reduce its cobalt output by half this month.

Katanga Reports Lower Q2 Cobalt Metal Production

Katanga Mining Ltd. (TSX:KAT) produced just 523 tonnes of cobalt metal, a 25-percent decrease from the year-ago quarter, and achieved a realized cobalt price of $11.84 per pound, down 13 percent from Q2 2013.

Ramu Nickel Mine Restarts in Papua New Guinea

Reuters reported that a Papua New Guinea-based nickel and cobalt mine operated by China's Ramu NiCo Management (MCC) Ltd. resumed production following an attack by armed villagers three days ago.

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Market News

Jinchuan Output Cut May Boost Cobalt Prices

Metal Bulletin reported that due to maintenance, China's Jinchuan Group International Resources Co. Ltd. (HKEX:2362) will reduce its cobalt output by half this month.

LG Chem to Challenge Tesla Electric Car Battery

The Wall Street Journal reported that leading battery maker LG Chem Ltd. (KRX:051910) is creating an electric car pack that "extends the range of most vehicles on the road today, but at a similar price."

Chris Berry on Tesla’s Q2 Earnings Report

Chris Berry, president of House Mountain Partners LLC and co-editor of the Disruptive Discoveries Journal, published an analysis of Tesla Motors Inc.'s (NASDAQ:TSLA) Q2 earnings report.

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