Battery Metals
Rumours this week that Tesla Inc (NYSE: TSLA) had developed a million mile batterycaused a lot of speculation. Including a claim from General Motors Company(NYSE: GMC) that they too had almost completed a million mile battery. This means a renewed upward commodity trend for future facing metals such as nickel, silver, and copper in particular. Companies like BHP Group Ltd (ASX: BHP) and Sandfire Resources Ltd (ASX: SFR) are ASX 200 shares that may benefit from any rise in the copper price, with BHP also heavily involved in global nickel production.
South32 Ltd (ASX: S32) is a large scale player in the nickel industry. It is also a high volume producer of silver from the Cannington mine in Queensland. Both of these are used on battery manufacture as well as across the board in the renewables sector.
Battery MetalsRumours this week that Tesla Inc (NYSE: TSLA) had...
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