Background: In the left corner, we have BHP, the $145 billion Australian mining company. In the right corner, we have Twiggy aka Andrew Forrest aka Australia's richest man, who is the Chairman of Fortescue Metals Group (FMG for short). And boy, is the battle of the billionaires getting hot and heavy. 

What happened: BHP has been facing shareholder pressure to start shifting towards renewable energy sources. So, it locked in a deal with Tesla to supply nickel for its electric car batteries. And then it made a $352 million offer for a Canadian nickel explorer.

What else: Here's where it gets juicy, fam. Twiggy's got lofty goals for FMG to be carbon neutral by 2030. So he's threatened to go into a bidding war with BHP over this nickel explorer. 

So what's the key learning?

💡The race to future-facing commodities is on - and slow and steady just won't cut it. You gotta be quicker than a laptop-shut after a full day on Zoom.

💡Future-facing commodities are things that will see more demand in the future. And you betcha nickel is one of them, thanks to a huge surge in demand for electric vehicles. 

💡The key ingredient in EVs is nickel, which means mining companies that are heavily into oil and gas can potentially save themselves from extinction by getting their fossil-fueled hands on nickel mines.