Hyperdrive
The King of Nickel Is Betting Big on a Green Future in Batteries
- Tsingshan making major investments to reduce carbon footprint
- Renewables plan could ease carmakers’ concerns about emissions
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Tsingshan Holding Group Co. made numerous bold moves on its path to becoming the world’s largest nickel producer, but its new plan to supply carmakers with cheap, clean metal could be its biggest breakthrough yet.
The Chinese company shocked the nickel market twice this month by targeting two significant challenges for makers of electric vehicles and their batteries: first, getting enough nickel, and second, ensuring it’s delivered in a climate-friendly way.