Bloomberg Law
Aug. 21, 2023, 6:07 PM

Nickel Firm Eyes Texas for $400 Million EV Battery-Metal Plant

Mariana Durao
Bloomberg News

A Luxembourg-based firm that’s harnessing microwave technology to recover metals is looking to build a $440 million refinery in Texas to help quench demand for a key ingredient in electric-vehicle batteries.

Wave Nickelseeks to tap US government incentives including those from President Joe Biden’s landmark Inflation Reduction Act to build a refinery that’ll produce nickel sulfate for EV batteries, Chief Executive Officer Gustavo Emina said in an interview.

Wave Nickel CEO Gustavo Emina.
Source: New Wave

“It has become a matter of national security for the US to guarantee the supply of strategic minerals, which has caught our attention,” Emina said. “There is a lot ...

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