Maybe give Elon a call and let him know lots of nickel will be available just after the defecit starts in 2023...
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https://www.bnnbloomberg.ca/musk-says-nickel-is-biggest-concern-for-ev-batteries-1.1568998
Musk says nickel is 'biggest concern' for EV batteries
Yvonne Yue Li, Bloomberg News
TESLA INC (TSLA:US)
675.50 6.72 (0.99%)
As of: 02/26/21 4:24:15 pm
(delayed at least 15 minutes)
26. Feb18. Jan6. Feb6007008009001000
Elon Musk has had it with nickel.
It’s scarce and expensive, so the chief executive officer of electric-carmaker Tesla tweeted on Thursday that the company’s shifting some cars to a type of battery that uses iron instead.
Musk has previously pleaded with miners to produce more nickel. Supplies will be tight for the next three years, and there could be a significant deficit as early as 2023 as demand picks up, according to BloombergNEF analyst Allan Ray Restauro.
Nickel is a key component in lithium-ion batteries, used in electric vehicles. It packs more energy into batteries and allows producers to reduce use of cobalt, which is more expensive and has a less transparent supply chain.
The metal has rallied 16 per cent this year on the London Metal Exchange amid a broad-based rally in commodities, with investors betting on strong demand growth as economies reopen.
