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Waterton seeks up to $1 billion for Dumont nickel mine
Outcrop at Dumont cobalt-nickel project in Quebec. (
Waterton Global Resource Management Inc. has hired advisers to sell its Dumont nickel project in Quebec, seeking to capitalize on demand for the resource as automakers make plans to build more electric vehicles, according to people familiar with the matter.
The project, which is located about 300 miles northwest of Ottawa, could fetch as much as $1 billion in a sale, the people said, asking not to be identified because the matter is private. Goldman Sachs Group Inc. has been hired to run the process, the people said.
Nickel – das bessere Kobalt: TESLA braucht NICKEL - Diese Firma profitiert! SPEKTAKULÄRE TOP-NEWS führt zu Neubewertung! Kaufenswert!! wallstreet-online.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wallstreet-online.de Daily Mail and Mail on Sunday newspapers.
Nickel is our biggest concern’: Elon Musk on Tesla now producing cars with iron batteries
A file photo of Tesla CEO Elon Musk.
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The metal has rallied 16% this year on the London Metal Exchange
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Tesla is planning to shift some of its cars to a type of battery that uses iron instead of nickel, the company s chief executive officer Elon Musk said on Thursday. Nickel is our biggest concern for scaling lithium-ion cell production. That’s why we are shifting standard range cars to an iron cathode. Plenty of iron (and lithium)! Musk wrote on Twitter.