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Missunnymay
2021-10-21

BHP Ups Stakes in Battle With Billionaire for Nickel Miner

BHP Group, the world’s biggest mining company, has raised its offer for Noront Resources Ltd., trump

BHP Ups Stakes in Battle With Billionaire for Nickel Miner

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Mining heavyweights are racing to control more supplies of raw materials that are key to transitioning to low-carbon energy sources. Nickel is one of the key metals used in lithium-ion batteries for electric vehicles.</p>\n<p>“Noront and BHP believe that the offer provides Noront shareholders with the value inherent in Noront’s portfolio of projects without the long-term risks associated with the development and execution of those projects,” BHP said in a media statement.</p>\n<p>Noront shares rose 3.9% to C$0.81 a 9:43 a.m. trading in Toronto, the biggest jump since Sept. 10. 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BHP Ups Stakes in Battle With Billionaire for Nickel Miner

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