- Vale's operations in nickel aren't as large as iron, but could benefit the miner with some potentially large demand growth stemming from EV.
- Vale aims to average 200kt in volume of nickel through 2021, increasing that to 220kt in volume, with ~60% likely in class 1 nickel.
- Striking a deal with EV manufacturers individually to supply nickel, such as to Tesla, could prove mutually beneficial to both parties.
- Vale could see over half a billion USD in revenues from nickel supplied to EV in a few years' time.
For further details see:
Vale And Tesla: The Nickel Picture