Battery Boom Drives Vale to Sign Major Cobalt Deal

The video discusses the rising demand for cobalt due to its use in electric cars and the innovative financing strategies companies are employing. A significant deal between Vale, Wheaton Precious Metals, and Cobalt 27 is highlighted, marking a pivotal moment for cobalt pricing. The implications for major companies like Apple and BMW are explored, along with the role of nickel and lithium in the electric car revolution. Vale's efforts to expand its nickel mining operations in Canada are also covered.

What role does nickel play in the context of electric car batteries according to the text?

Discuss the implications of the extended life of the mines beyond 2030.