Nickel
Red Flags for Forced Labor Found in China’s Car Battery Supply Chain
The photograph on the mining conglomerate’s social media account showed 70 ethnic Uyghur workers standing at attention under the flag of the People’s Republic of China. It was March 2020 and the recruits would soon undergo training in management, etiquette and “loving the party and the country,” their new employer, the Xinjiang Nonferrous Metal Industry […]
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How the War in Ukraine Could Slow the Sales of Electric Cars
Russia’s invasion of Ukraine has shaken the global market for nickel just as the metal gains importance as an ingredient in electric car batteries, raising fears that high prices could slow the transition away from fossil fuels. The price of nickel doubled in one day last week, prompting the London Metal Exchange to freeze trading […]
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What’s at Stake for the Global Economy as Conflict Looms in Ukraine
That means an invasion could have a dual effect — slowing economic activity and raising prices. In the United States, the Federal Reserve is already confronting the highest inflation in 40 years, at 7.5 percent in January, and is expected to start raising interest rates next month. Higher energy prices set off by a conflict […]
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Can A Sustainable Mining Experiment in New Caledonia Power Tesla’s Ambitions
Even with guardrails in place, natural resource extraction remains a sensitive issue in New Caledonia. Nickel prices are up by about 25 percent this year, reflecting the mineral’s importance in the campaign to move away from fossil fuels. But so far, that has not led to greater profits for miners. Goro’s previous owner, the Brazilian […]
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