Vietnam has an abundance of high-quality nickel reserves that, in recent years, have become increasingly attractive to international mining companies.
The electric vehicle explosion has engendered soaring demand for raw materials, such as nickel, which is a key component in the lithium-ion batteries that power electric motors. Now, with the combined plans of Australian mining outfit, Blackstone Minerals, and local conglomerate Vingroup, Vietnam is set to become a hub for lithium-ion battery manufacture and even EV production.
From automobiles to mobile electronic devices, lithium-ion batteries have become the energy storage solution of choice for many manufacturers.
Compared to other battery technology, lithium-ion battery cells are lightweight and have a higher energy density than typical lead-acid or nickel-cadmium rechargeable batteries. As a result, most plug-in hybrids and…
