Demand for copper, nickel, lithium, and cobalt has risen sharply, driven by the global move to lower carbon emissions and electric vehicle makers chasing battery ingredients.
“As we were engaging in financial engineering the past ten years in North America to goose earnings per share, China was ramping up their productivity..."
The company has announced that it is setting up NetZero Metals, a wholly-owned subsidiary that will use existing technologies to produce zero-carbon nickel, cobalt, and iron products.