Tesla has agreed to buy nickel from Talon Metals’ mine in Minnesota, in its first deal to secure supplies of US metal for its batteries.
The automaker said the project, which is due to produce nickel in 2026, had the “promise to accelerate the production of sustainable energy products in North America.”
The deal comes a day after the world’s largest miner BHP said it would invest up to $100 million in the Kabanga nickel project in Tanzania, which is due to come into production in 2025. The investments reflect efforts to develop nickel supply outside of Indonesia, which . . .