General Motors Digs Into Mining Business to Lead Race for EV Metals

General Motors is trying to speed ahead in the race for metals underpinning the industry’s shift to electric cars.

Securing stable battery-metal supplies would be a boon — especially given the sector’s volatility. Cobalt prices, for example, rallied sharply last year but have since come crashing down amid a sharp drop-off in purchasing from the Chinese electronics sector. Nickel briefly soared to over $100 000 a ton in March before ending the year under $30 000.

The industry may want to tread carefully. Amnesty International has warned that mining is linked to environmental issues and claims of human rights abuses. In an era when environmental, social and governance shortcomings carry severe reputational risks, GM could be exposing itself to criticism.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Federal funding for Black business owners a ‘beacon of hope’ — but there are barriers - National | Globalnews.caThe federal government said the program was aimed at helping Black business owners overcome barriers they face navigating financial institutions and entrepreneurship in general. Liberal closet racism on full display I'd like to see the color wheel that is included with the application. Does the shade determine the interest rate? Now what if I identify as Black? Does that only count with sexuality? Racist
Source: GlobalNational - 🏆 81. / 51 Read more »