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

  • 📰 MiningWeeklyCA
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

General Motors digs into mining business to lead race for EV metals EV mining lithium nickel cobalt Americas USA Canada batterymetals

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 48. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland 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 »