By: Homelife Green Team Realty

"Wherever you are in the world, please mine more Nickel." -Elon Musk

Tags: Nickel Mining, Investing in Sudbury, Battery Technology

Did you know that the primary component of a Tesla car battery is NIckel? 

At Tesla’s 2016 shareholder meeting Elon Musk pointed out that “technically, our
cells should be called nickel-graphite, because the primary constituent in the cell as a
whole is nickel.” ('According to Tesla CEO, Elon Musk, this metal is the new Gold').

More recently, Musk reiterated the imminent shortage for Nickel

by saying, “I’d just like to re-emphasise any mining companies out there, please mine
more nickel.”

There's a reason why Sudbury is often called "Nickel City." Home to the largest producer of Nickel in the world 'Vale'.  Vale has been mining Nickel here in the north for over a 100 years and is the largest employer in the City of Sudbury. 

As the demand for electric vehicles and battery technology increases, the cost of
the metals associated with manufacturing the batteries will also rise. Thus, expanding the mines, bringing more jobs to the community and spearing more growth. There are three components that make a battery: the cathode, anode and diode. The cathode of a Tesla car battery consists of “80% nickel, 15% cobalt and
5% aluminum" (check out the full article breaking down the battery chemistry here).