Tesla CEO Elon Musk appealed to mining companies in July, to produce more nickel, which is the most important metal in electric vehicle (EV) batteries.
While these are popularly called as lithium-ion batteries, Musk noted during the Tesla's 2016 shareholder meeting that it is a misnomer since they only contain 2% much lithium. "Technically, our cells should be called nickel-graphite, because the primary constituent in the cell as a whole is nickel," Musk clarified.
Musk's recent plea highlighted the importance of nickel, particularly for his electric vehicle company. "Please mine more nickel," he said adding that Tesla would award companies with a huge, long-time contract that can assure volume of nickel using environmentally-friendly mining processes.
Nickel is a natural mineral that humans have been consuming for ages. It was believed that over 2,000 years ago, artisans in Syria used the mineral to strengthen their pieces. It was first highlighted in 1751 by Swedish chemist Axel Fredrik Cronstedt who named the new mineral "Kupfernickel" or Devil's Copper. At the time when copper was among the most valuable minerals, the new metal was like a Fool's Gold.
The Nickel Institute estimated that around 300 million tons of nickel is being mined worldwide, making it the fifth-most common mineral, based on a nickel mining trade organization.
Nickel can easily strengthen materials considering its high melting point at over 1,400 degrees Fahrenheit, resistance to corrosion, and magnetic properties at room temperature, which makes it great for battery use. Cecilia Jamasmie Mining noted that using nickel in batteries makes them energy-dense, so they can be smaller and lighter while allowing cars to travel further on just a single charge.
Musk's recent appeal highlighted the urgency of the need as Tesla has been competing with other EV car manufacturers for the limited supply amid the surging demand. Those who will respond to the call will surely be greatly compensated.
