BHP - Nickel Monthly News For The Month Of October 2020

• Nickel spot prices were higher in October, and the LME inventory was slightly higher than last month. Nickel hits 11-month high on expectations of robust demand.
• Nickel market news - Tesla in talks with Vale, BHP, and the Indonesian Govt. to secure nickel. Biden campaign tells miners it supports domestic production of EV metals.
• "There is now a material risk of supranormal raw material prices which will impact battery prices and EV makers’ profitability." Over $1 trillion needed for energy transition metals.
• Nickel company news - Glencore 'running down' coal to invest in new generation minerals. Canada Nickel Resource update more than doubles Measured and Inferred resources.

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