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Elon Musk wants more nickel. Here are 2 ASX shares set to charge up on increased demand – Motley Fool Australia
Elon Musk has called for greater nickel production, sending the price of the metal skyward. Here are 2 ASX shares with exposure to the metal.
Elon Musk called for greater nickel production last week, sending the price of the metal skyward. Nickel is a key ingredient in batteries used in electric vehicles (EVs). Musk is looking to cut the cost of batteries, which are a major component of the price of EVs. The eccentric billionaire added that his company could offer a long-term contact for nickel producers, stating: “Tesla will give you a giant contract for a long period of time if you mine nickel efficiently and in an environmentally s…
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