Global nickel production to decline 7.4% this year (GlobalData)

According to GlobalData, global nickel production will decline in 2020 by 7.4%. In question, the decision of Indonesia to ban this year the exports of raw ore, associated with the restrictions due to the Covid-19 pandemic in the Philippines in particular.
Global nickel production will decline 7.4% this year to 2.19 million tonnes. According to a report by GlobalData published this week, this drop will be the consequence of the ban on the export of raw ore decided at the beginning of the year by Indonesia, the world's largest producer, even though the Covid-19 pandemic has contributed to make the situation worse.

“Indonesian nickel mining companies without an integrated crude smelting system have found it difficult to sell their output to national smelters […]. As a result, domestic miners have either stopped or reduced production in the first three quarters and this is expected to continue until the end of the year, ”says Vinneth Bajaj, senior analyst at GlobalData, who th…

Tesla now has its own lithium mine

The company founded by Elon Musk has secured the rights to operate a mine in the state of Nevada. Tesla is putting all the odds on his side so as not to lose sight of his goals and achieve them on time. The American automaker aims to mass produce electric cars, and for this it intends to accelerate the production of its batteries, which it ultimately wants widely accessible from a financial point of view. It is with this in mind that the company founded by Elon Musk has just secured the rights to operate a lithium mine located in the western US state of Nevada, reports the agency's website. Bloomberg. The builder has filed a plan to take over a company at the mine site. 

Tesla now has its own lithium mine

Tesla had entered into discussions in recent months with Cypress Development, which has ambitions to extract lithium from clay deposits in southwestern Nevada, but the parties have failed to reach an agreement. according to sources familiar with the matter who confided in the American agency. Therefore, Elon Musk suggested that his company would do much better to mine itself to find lithium in the same state. And this, while Tesla has promised to reduce the cost of its electric batteries by 50%.

However, the task does not promise to be easy. As Bloomberg reminds us, it has always been very expensive and very difficult to produce lithium from clay. Moreover, no company has so far succeeded in extracting sufficient quantities to build a large commercial production. But Tesla intends to catch everyone by surprise: last week, Elon Musk told his investors that his company had secured the exploitation of more than 4,000 hectares of clay soil rich in lithium in Nevada, and that 'she had developed a "very durable" metal mining technique. This method would involve in particular the use of sodium chloride.

Tesla’s ambitions in recent months no longer conceal Elon Musk’s desire to fully invest in the electricity market. As the Futura website reported last May, the manufacturer recently developed new software that allows its users and customers to monetize the electrical energy they produce themselves. Objective: to create a unified electricity network.