BHP to boost nickel exploration spending amid EV boom

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Reuters UK

KALGOORLIE, Australia (Reuters) – BHP Group will increase its spending on nickel exploration over the next two years to meet growing demand for the raw material used in making electric vehicle batteries, the chief of its nickel operations said on Wednesday. BHP, through its Nickel West unit, has supply agreements for the metal with Tesla and Toyota, and this month also announced a deal with Ford. The miner said it has the second largest nickel sulphide resource base globally, based on its land holding, totalling 120,000 hectares, in the Agnew-Wiluna belt in Western Australia. The area has in e…

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