Can you dig it? Samsung buys chunk of a Canadian nickel mining company

Samsung’s battery unit may have found part of a solution to sourcing the raw materials needed for the products it packs into gadgets and cars: buy a nickel mine. Or part of a nickel mine, at least. Samsung SDI, one of the chaebol’s many business units, purchased US$18.5 million worth of shares from Canada Nickel making it an 8 …

[Alan Brown]

Not just nickel

It may surprise some, but cobalt is usually found alongside nickel, silver and copper deposits (but until recently not worth mining, so tailings are full of it)

Samsung is proabbly eyeing up some futureproofing given that it usually takes 20 years for any given mine's production to match demand