Monday, October 19, 2020

"Glencore in talks with carmakers and battery makers about nickel, CEO says"

The Financial Times' Neil Hume was moderator at last week's FT Commodities event. For the cognoscenti and other folks who might be interested, his Twitter timeline is after the jump. 

From Reuters, October 16:

Glencore CEO Ivan Glasenberg said on Friday that the company is talking with carmakers and battery makers about nickel - a key component in electric vehicle batteries which Tesla CEO Elon Musk has asked miners to produce more of.

“A lot of the automobile guys and the battery guys are talking to us about nickel,” Glasenberg said, speaking during the Financial Times Mining Summit. Glencore this year signed an agreement with Tesla to supply it with cobalt from the Congo.

Glencore produced 121,000 tonnes of nickel in 2019 and sold 181,000 tonnes through its marketing business. Glencore owns nickel mines in Australia, Canada and New Caledonia and a nickel refinery in Norway.

The miner already supplies German carmaker BMW with cobalt metal from its Murrin Murrin nickel-cobalt mine in Australia....MORE

When I say cognoscenti I mean fans, as in fanatics. Mr. Hume is an FT Alphaville alumnus and here is an example of the madness he inspires:

voiceover: Bryce Elder has been singlehanding Markets Live but on this November day in 2017 has a visitor:

BE This is Markets Live, FT Alphaville's daily thing with the typing and etc.

BE And good news! I'm not solo today.

BE Because joining me is Neil Hume.

NH Hola

BE Neil's FT's commodities editor these days. Though you'll probably know him better as founding member of the AV team and the editor for two years through the sov debt crisis.
erlkin  neil hume rocks
  AAAA  bonjour les amis !
                               Boncoeur  crikey, Neil Hume is in da house!

NH Mining and Commodities - they gave me more work to do

BE Yes, that. And, unusually, it appears the system works. Good to have you with us Neil.

NH It's been a while

NH I think I remember how everything works

GBKrona Hola - welcome back @NH

 The rabble were roused from their existential dread of facing another day of toil in the equity mines.

 Take a look and see why: