#BMW and #Mercedes Battery Partner Sees Big #Nickel Supply Risk
The High-CO2 Nickel Conundrum
There’s been no shortage of metals industry turmoil in the early years of the electric-car age, from ups in lithium prices that Elon Musk described as insane, to downs for cobalt springing from battery-chemistry shifts.
One of the world leaders in battery materials that will be supplying the likes of BMW, Mercedes-Benz, Volkswagen and Stellantis sees potential for more tumult ahead, unless a serious CO2 problem is resolved in the country home to far and away the most mined and refined nickel.
Indonesia’s nickel industry is highly carbon-intensive, with one of its major industrial parks alone relying on roughly as much coal-fire energy capacity as all of Mexico. Mathias Miedreich, chief executive officer of Belgium’s Umicore, believes Chinese companies that are active in the space still lack sensitivity as to how much polluting is taking place within this part of the supply chain.
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