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