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Why The EV Industry Faces A Global Nickel Shortage

As the EV industry ramps up, it could be hindered by a global shortage of nickel, a key component in most lithium-ion batteries. Tesla recently signed a deal to source nickel from a proposed mine in Minnesota, though mining raises a variety of environmental concerns that EV automakers must grapple with if they want to source battery minerals responsibly. Many also hope that battery recycling technology will scale up quickly enough to make a dent in the problem. » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC Subscribe to CNBC PRO: https://cnb.cx/2NLi9AN Why Global Nickel Shortage Is Elon Musk’s Biggest Concern