The prices of raw materials such as copper continued to rise, with the copper price hitting USD 10,000 per ton for the first time in 10 years, in May 2021. On the other hand, top EV manufacturers have increased their EV sales rapidly over the past 2 years. Tesla for instance laid off employees in October 2020 due to deteriorating sales.
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WhatsApp: +86 18203695377· Tsingshan, the world's largest stainless steel maker, plans to construct an Indonesian plant to produce nickelcobalt salts from nickel laterite ores. Using previously uneconomic high pressure acid leaching (HPAL) technology Tsingshan says it will transform class 2 laterite deposits into class 1 metal for the electric vehicle battery market.
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