Tesla, BHP ink supply deal for nickel ahead of demand surge

Tesla will secure nickel from the commodity production giant BHP, the automaker’s latest move to secure direct sources of raw materials that are projected to surge in demand before the decade is out. BHP’s Nickel West division will supply an undisclosed amount of the mineral from its mines in Western Australia. The two companies also […]

China’s Ganfeng Lithium to invest $1.3 bln in battery production

Aug 5 (Reuters) – Ganfeng Lithium, the world’s biggest lithium company by market capitalisation, said on Thursday its subsidiary would invest a total 8.4 billion yuan ($1.3 billion) in two projects that will make “new-type” lithium batteries. China’s Ganfeng is best known as a supplier of battery-grade lithium to clients including electric vehicle (EV) maker […]

Copper’s run to record highs may not be over yet

Copper has had an impressive run so far this year and after a recent pullback from its record highs, tight supplies and rising demand for the industrial metal suggest prices may climb even higher. For the month, prices for most-active copper futures HGU21, -1.39% HG00, -1.39% look to score a nearly 3% gain, their third in four months — erasing […]

Copper price gains as world’s biggest mine preps for strike

Copper prices rose on Friday as a union at the world’s biggest copper mine, Chile’s Escondida, told workers to prepare for a strike, but gains were limited by a strengthening of the dollar after solid U.S. payrolls data. A stronger dollar makes metals costlier for buyers with other currencies. Benchmark copper was up 0.2% at […]