Vale's reality check for nickel's electric vehicle dreams: Andy Home

Vale’s reality check for nickel’s electric vehicle dreams: Andy Home

LONDON (Reuters) – (The opinions expressed here are those of the author, a columnist for Reuters.) Brazilian mining company Vale S.A. logo and trading symbol are displayed on a screen at the New York Stock Exchange (NYSE) in New York, U.S., December 6, 2017. REUTERS/Brendan McDermid Nickel is one of the materials expected to win from the coming electric vehicle (EV) revolution. Electric vehicles will be powered by lithium-ion batteries, which need cobalt and nickel. Indeed, as cobalt’s potentially fragile supply chain comes under ever-increasing scrutiny, battery-makers are likely to try to use less of the stuff in favor […]