Market News


Elon Musk pledges “giant contract” for sustainable nickel miners

Elon Musk, CEO of US electric vehicle and clean energy company Tesla, has promised a “giant contract for a long period of time” to any company able to extract nickel in an efficient and environmentally sustainable manner. Nickel is a key ingredient in the batteries that power Tesla’s electric vehicles.


Fitch Solutions raises nickel price forecast

The agency says nickel is enjoying strong demand from stainless steel producers, while a sustained market deficit will support higher prices up to 2025.
The nickel price averaged $13 860/t in in 2020.


Tesla eyes $1b-plus of Australian minerals

Tesla chairman Robyn Denholm says miners, manufacturers and governments must speed up “at an extremely fast pace” the innovation needed to transform Australia from an exporter of fossil fuels into a global new energy superpower.


Mantashe outlines plan to get mining to contribute at least 12% of SA’s GDP

Mineral Resources and Energy Minister Gwede Mantashe says the government believes mining can go back to contributing double digits to South Africa’s GDP – but this depends on getting numerous interventions right.


Battery-Grade Nickel Supply Will Suffer As Major Nickel Discoveries Slump

Our analysis of nickel discoveries has identified 50 major discoveries made from 1990 to 2019, containing 96.4 million tonnes of nickel in oxide and sulfide deposits. Three were discovered in the past decade and account for only 7% of the total nickel discovered


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