“As global resource companies and others are looking for lithium...

“As global resource companies and others are looking for lithium and nickel, we are considering to invest in the two metals,” Satoshi Koyama, Mitsubishi’s mineral resources group CEO, told an analysts meeting.

Canada and Australia could be investment targets for nickel as they meet both the criteria of safety from the perspective of geopolitical risk and access to renewable power from the perspective of decarbonisation, he said.

Last year, Mitsubishi bought a 15% stake in a joint venture with Giga Metals Corp to pursue the development of the Turnagain nickel deposit in Canada.

“We are verifying what kind of nickel projects will make it to the profitability line, given technical hurdles and cost issues,” Koyama said.

https://www.mining.com/web/mitsubishi-corp-looks-to-invest-in-nickel-and-lithium-projects/