Elon pushing for Nickel, so will all Battery manufacturers. It's starting to get to pointy end in EV space where they are all realising shortfalls of materials and the need to get mines up and running now to meet future demand.
IMO any current miner will be looking at how they can increase capacities or acquire new resources. Let's hope SGQ can be part of this space. WSA will be waiting in the wings to see how things pan out at Mt Alexander!
Elon Musk has a plea for mining companies: “Please mine more nickel.”“Tesla will give you a giant contract for a long period of time if you mine nickel efficiently and in an environmentally sensitive way,” said Musk, chief executive officer of the electric-carmaker, during a second-quarter earnings call.
Musk’s plea comes as one of Japan’s general trading giants is about to take a roughly $500 million writedown on a nickel project in Madagascar because of low prices and the coronavirus pandemic.
Supplies of battery-grade nickel -- a key component in the cathode of an electric vehicle’s battery -- could run short as early as 2023. BloombergNEF expects a tight balance in the next two to three years as lithium-ion battery demand picks up.
Elon pushing for Nickel, so will all Battery manufacturers. It's...
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