#Bloomberg: The World’s Biggest Miner Is Building a Battery Supply Hub It Doesn’t Want

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The world’s biggest mining companies are ratcheting up their response to the booming demand for battery raw materials. #RioTinto Group is developing a #Lithium project in #Serbia, while #Glencore Plc plans to double production of #Cobalt and is effectively “a one-stop-shop” for investors seeking exposure to EV gains, Sanford C. Bernstein Ltd. said in a note this month.

The good luck for #BHP is that only about 40 to 45 percent of existing #Nickel mine supply is suitable for processing into a battery-grade chemical product, #Melbourne-based UBS Group AG analyst Lachlan Shaw said by phone. “BHP’s Nickel West fits into that category.”

Read more at: https://www.bloomberg.com/news/articles/2018-01-10/world-s-no-1-miner-is-building-an-ev-hub-it-doesn-t-want-to-keep

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