Elon Musk meets with Mongolia’s prime minister, discusses investment in EV materials

Tesla CEO Elon Musk and Mongolian Prime Minister L. Oyun-Erdene and Tesla held a virtual meeting where they both discussed potential investment in the electric vehicle sector, according to a statement issued on behalf of the Mongolian government said.

The statement added that Musk and the Mongolian government discussed setting up a joint research venture on the use of rare earth elements and battery minerals.

Mongolia is a depot of extensive deposits of rare earth minerals and copper, which are critical materials in the electric vehicle supply chain.

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