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Musk Promises ‘Giant Contract’ for Efficiently Mined Nickel
- Market for nickel used in EV batteries is getting tighter
- Japan trading giant to take huge writedown on nickel project
Elon Musk
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
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.
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Musk Promises ‘Giant Contract’ for Efficiently Mined Nickel