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0.00239162929745892 -0.00903895190363138 0.00517013980480094 0.00773762419766129 -0.00576804712916552 -0.00501187021893943 0.00376329904158971 0.0246197133561945
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Nickel Price Falls By 16% But That Might Not Help EV Makers [Forbes]

Tesla, Inc. (TSLA) 
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
Company Research Source: Forbes
Tesla chief executive Elon Musk will be pleased that the price of nickel, an important battery metal, has crashed but his joy might be short lived because there are concerns that a new nickel processing technology might not be as “green” as he would like.Over the past few days nickel on the London Metal Exchange has fallen by 16% from $19,500 a ton to $16,393/t largely because a Chinese steel-making company unveiled plans to boost battery-grade nickel production.More nickel for Musk, but will it be green enough? Photo by Odd Andersen, AFP via Getty Images.Until a few days ago Musk was lamenting the fact that nickel was overpriced and hitting the cost of his world-beating Tesla EVs and potentially forcing a change to battery chemistry.“Nickel is our biggest concern for scaling lithium-ion cell production,” Musk said in a Tweet last week.“That’s why we are shifting standard range cars to an iron cathode. Plenty of iron and lithium.”Technical BreakthroughShortly after that Tweet China’s Show less Read more
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