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Ford secures nickel supplies with $4.5 billion investment

Teslarati

Ford has announced that it has partnered with two other entities to construct a nickel processing facility in Indonesia. Besides the massive retooling effort that has taken the auto industry by storm over the past two years, the search for raw materials for EV batteries has become a growing priority for automakers.

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Battery metal price plunge is closing mines and stalling deals – ET Auto

Baua Electric

The turmoil is likely to have long-term ramifications for supply, and stands in stark contrast to the growing emphasis by governments on securing future access to critical minerals. Now, carmakers are getting cold feet and abandoning deal discussions, according to mining investment bankers and industry executives.

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