Opinion: US uses Cold War powers to secure battery metals supply

In July 2022, Wallbridge announced that it would be selling its portfolio of nickel projects to Archer to focus on its core gold mining assets.

Most Chinese EV makers are registering losses despite rapid sales growth because of rising battery costs.

The proposal to "coordinate and integrate nickel policy" was made this week by Indonesia's investment minister in talks with Canada.

Indonesia is the biggest producer of nickel by a wide margin and is home to around 20% of the world’s deposits of the metal.

Republican leaders had promised voters during the election they would cut the mining permit review timeline in half and boost domestic EV mining, rather than seek more supply overseas.

The Vale deal will supply GM with enough refined nickel for up to 350,000 EVs a year.

Indonesia and Canada are the world No. 1 and No. 6 nickel producers, respectively.

A notice released on Wednesday said the initial margin for nickel would climb to $6,100 a tonne effective after close of business on Friday.

Volkswagen AG’s ambitious push to supplant Tesla Inc. as the global electric-vehicle leader is running into trouble.