About 50kg of nickel goes into each Tesla battery but the world isn't producing enough to keep up with demand
Extract....
Mining companies in Australia are racing to find the next big reserve of one of the world's most in-demand metals.
Key points:
Australia was once a world-leading producer of nickel but fell behind
Now miners are racing to find the next big reserve of the metal, which is a key component of batteries
Big companies are ramping up production and are on the hunt for more mines
Nickel is a critical metal in batteries, and as the world keeps moving toward renewables, more batteries are needed to store energy.
In fact, there's a strong case that much more of it is needed than lithium — a commodity many people know of, because it is in the name of lithium batteries.
But there are a variety of batteries made with different metal compositions and, as Elon Musk puts it, batteries need a sprinkle of lithium compared to nickel.
