BASE METALS
Observations by Tesla’s Elon Musk on the key role nickel plays in the electric vehicle boom helped inspire the world’s top miner BHP Billiton to invest in new capacity to target rising demand.
Amid efforts to improve performance at its nickel operations in Australia, Eduard Haegel, asset president of BHP’s Nickel West unit, said he “stumbled across” a video of Musk’s comments in 2016 highlighting that EV batteries typically contain higher quantities of the metal than lithium.
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