Electric Vehicle Growth Creates East-Asian Battery Mineral Boom

NetworkNewsWire Editorial Coverage: The dramatic rise of electric vehicles (EV) is creating a surge in business for companies mining battery minerals, especially for companies operating in Indonesia, one of the world’s top producers of battery minerals.

Bolt Metals Corporation (CSE: BOLT) (OTCQB: PCRCF) (XFRA: NXFE) (BOLT Profile), one of the companies working in Indonesia, recently announced a name change as it rebrands itself a leading resource developer in this growing market. Other companies in the surging market include BHP Group Limited (NYSE: BHP), which has major nickel-production facilities in Australia and sells 75% of its nickel into battery-supply chains. Freeport-McMoRan Inc. (NYSE: FCX) has a large operation in Indonesia producing copper, another key battery component. The world’s largest producer of lithium, Sociedad Quimica y Minera (NYSE: SQM) is working to establish a focus on socially responsible mining. VALE S.A. (NYSE: VALE), one of the world’s largest nickel producers, recently launched…

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