nickel

The benchmark three-month nickel contract fell 12% on Friday morning to hit a new trading limit, as heavy selling continued on international metal markets, reported CNBC. The price hit $36,915 a metric ton as it opened for trade, stated Refinitiv data. The London Metal Exchange, ...

Nickel electronic trading halted minutes after it restarted at The London Metal Exchange (‘LME’), citing a technical issue with its new daily limit, as prices plunged when the market opened after a week-long suspension, reported Bloomberg. What happened: Trading restarted at 8...

Nickel trading will resume on the London Metal Exchange on Wednesday following a week-long suspension due to a historic short squeeze, Bloomberg News reported on Monday, citing a notice. What Happened: The trading will resume with a few curbs at 4 am ET (8 am, London time)...

Rivian Automotive Inc (NASDAQ: RIVN) will start using batteries made of lithium-iron-phosphate (LFP) in some of its cars this year as a hedge against rocketing nickel prices, the electric vehicle maker's CEO RJ Scaringe said on Thursday. What Happened: The EV...

Ford Motor Co (NYSE: F) told Benzinga on Thursday it is hedged against rocketing nickel prices for a few years, helped by supply contracts for the key material used in making electric vehicle batteries. What Happened: Nickel prices touched record highs on Tuesday as contracts breached the $100,000...

Tesla Inc (NASDAQ: TSLA) has raised the prices of some of its Model 3 and Model Y variants in the United States by $1,000 at a time when nickel has zoomed to record highs amid a supply squeeze caused by the Russia-Ukraine war. What Happened: Tesla bumped up...

Crude oil prices recently reached their highest levels in 13 years after President Joe Biden banned all imports of Russian fossil fuels in response to the country's invasion of Ukraine. While crude oil is the main driver of global market uncertainty, a number of other commodities have also...

Shanghai Futures Exchange, China’s top commodity bourse, has paused nickel trading after prices hit their upper limit, a day after a similar surge prompted the London Metal Exchange to take similar action, Bloomberg News reported on Wednesday. What Happened: ...

Prices of nickel and other key electric-vehicle materials have skyrocketed as the Russia-Ukraine war has sparked supply worries, and could throw a wrench into the plans of Tesla Inc (NASDAQ: TSLA) and its rivals to launch cheaper cars, according to media reports. What Happened: ...

It's said that a deficit in graphite and nickel could thwart EV production post-2022. Contrary to popular belief, North American companies already have the power to begin domestic battery production, mining and processing essential minerals on U.S. and Canadian soil. Genuinely ESG-friendly...

Tesla Inc (NASDAQ: TSLA) has agreed to buy nickel supplies from Talon Metals Corp’s (OTC: TLOFF) Tamarack mines in central Minnesota, a first such U.S.-based nickel supply deal for the Elon Musk-led company. What Happened: Tesla will secure 75,000 metric tons of nickel concentrates from...

Tesla Inc. (NASDAQ: TSLA) battery supplier LG Energy Solution said it has entered into a six-year deal with an Australian mining company for the stable supply of key battery materials - cobalt and nickel. What Happened: LG Energy, a subsidiary of South Korea-based LG Chem, said it will purchase 71,...

Tesla Inc (NASDAQ: TSLA) has signed a deal to secure nickel supplies from BHP, the world’s largest miner, as it looks to shore up supplies of a key ingredient used to build electric vehicle batteries. BHIP shares traded 3.13% higher in Australia after the announcement of the deal. What...

Tesla Inc. (NASDAQ: TSLA) co-founder JB Straubel’s recycling startup Redwood Materials is partnering with North American electronic waste processing company ERI to recycle batteries and solar panels. What Happened: As part of the partnership, Nevada-based Redwood has made an undisclosed...

On Tesla Inc's (NASDAQ: TSLA) second-quarter earnings call, CEO Elon Musk asked nickel miners to ramp up mining operations. Tesla will need a lot more nickel if the company's plan for the new 4680 battery is to come to market and be mass produced. Tesla will be using nickel in high...