Tesla & BHP strike major deal in race for ‘sustainable nickel’

BHP Billiton has agreed a long-term supply contract for class 1 nickel with one of the world’s leading electric vehicle (EV) and energy storage producers, Tesla.

Benchmark estimates that the contract is worth up to 18,000 tonnes of nickel per year starting in 2022.

It adds to two more nickel supply deals that Tesla has likely secured to lock up its expected demand from 2022 onwards with Prony Resources and Vale.

Tesla has acted early to secure significant volumes of nickel to fuel its lithium ion demand with cell partner LG Energy solution (LGES) for vehicles produced . . .

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