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By Shane Lasley
Metal Tech News 

US invests $25M in Brazilian Nickel mine

Part of Trump strategy to secure non-Chinese critical metals Metal Tech News – October 14, 2020

 

Last updated 7/10/2022 at 2:52pm

Lithium ion batteries in Tesla Powerwall EV need nickel and cobalt

Tesla Inc.

The lithium-ion batteries powering electric vehicles and storing renewable energy for homes and utilities will require vastly larger amounts of nickel, cobalt, and other battery metals.

A week after President Donald Trump declared America's heavy reliance on adversarial nations for critical minerals a national emergency, U.S. International Development Finance Corporation invested US$25 million towards development of the Piauí nickel-cobalt mine project in northeastern Brazil. This investment is expected to fund further developments that will help create jobs in one of the poo...



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