Tesla signs deal with world’s largest nickel miner to secure resources for battery production – .

Tesla signs deal with world’s largest nickel miner to secure resources for battery production – .

Tesla has signed a new deal with BHP, the world’s largest nickel miner, to secure resources for the next battery production.

Several raw materials are experiencing a sharp increase in demand from battery manufacturers for the production of electric vehicles.

Nickel is one of them.

It is already in great demand by other sectors, and batteries only add to it.

Tesla CEO Elon Musk recently urged nickel miners to increase production, and he was right to do so.

Nickel is the most common material in Li-ion batteries in production today

The EV market is already affecting the nickel industry as BEVs represent less than 4% of the global automotive industry.

By the end of the decade, the demand for nickel from electric vehicles is expected to rise from 5% to 59% of the overall nickel supply, which would result in a significant need to increase production.

Tesla has taken many steps to try to obtain large amounts of nickel.

Earlier this year, we reported that Tesla submitted an investment proposal for a nickel-rich battery project in Indonesia with the aim of harnessing the local resource.

We now learn that Tesla has entered into an agreement to supply nickel to BHP, the largest nickel producer.

BHP announced the deal in a press release today:

“BHP will supply Tesla Inc. with nickel from its Nickel West asset in Western Australia, one of the most sustainable and cleanest nickel producers in the world. ”

Pantalon Vandita, BHP Commercial Director commented on the announcement:

“The demand for nickel in batteries is estimated to increase by more than 500% over the next decade, largely to support growing global demand for electric vehicles. We are excited to sign this agreement with Tesla Inc. and to work with them on ways to make the battery supply chain more sustainable through our shared focus on technology and innovation.

In addition to the supply agreement, Tesla and BHP announced a new partnership to use blockchain technology in their supply chain logistics.

They wrote in the press release:

“In addition to the supply agreement, BHP and Tesla Inc. will collaborate on ways to make the battery supply chain more sustainable, with an emphasis on end-to-end traceability from raw materials to using blockchain; technical exchange for the production of raw materials for batteries; and promoting the importance of sustainability in the resource sector, including identifying partners most aligned with BHP and Tesla Inc.’s battery principles and value chains ”.

Finally, BHP also revealed that it will consider using Tesla’s energy storage products in its operations to reduce its carbon emissions.

Tesla plans to bring its own production of battery cells to volume production over the next year, and it will need a lot of raw materials, including nickel, to do so.

In addition, the automaker has made it clear that it will also purchase any battery cells it can from other suppliers, and it is also known to secure materials for its battery suppliers.

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