Tesla secures nickel deal with largest miner in the country.
This company is jumping out ahead of others by a wide margin.
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Tesla secures nickel deal with largest miner in the country.
This company is jumping out ahead of others by a wide margin.
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Does this mean that the price of nickel would rise?
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Money is worth more if it does :) doubt it though it will probably just mean it is worth making lower denomination coins that are currently minted.
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Well it depends on how much demand there is for it so I think prices will definitely go up. After all, Tesla is not the only one using nickel.
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Nickel is used everywhere, but Tesla's purchase of the metal may be a signal to other users of nickel to buy. I'm not expecting nickel to each USD 22 per pound as it did decades ago, but it should rise from the USD 7 per pound or USD 8 per pound whre it's been for a few years.
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Depends upon if the supply massively increases.
People overlook that when there is a massive increase in demand for a particular commodity, then the companies look to get more material out of the ground for less money.
Hence the price can often go down over time. Look at oil and how it dropped as a result of fracking.
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Yea if they can solve their supply issues then they will be ahead. Most of the other car companies are behind in chips and other materials
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Wow 😯. I wonder how we will mass produce electric cars 🚗 with such low and concentrated nickel supply. We might have to find another way to make batteries otherwise I do not see how we are going to have EVs in India, etc…
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Repurpose old batteries should be something that the electric car manufacturers get their research and development (R&D) departments working on!
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They should get with the Li-Cycle battery recycling outfit. Why get new when old refurbished work just as well?
Since Elon talks a lot about being environmentally responsible, it would be a good fit.
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That's great. This will help them ramp up their battery production in the upcoming years.
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