BHP enters into nickel supply agreement with Tesla Inc
BHP is announcing today the signing of a nickel supply agreement with one of the world s leading sustainable energy companies, Tesla Inc.
BHP will supply Tesla Inc. with nickel from its Nickel West asset in Western Australia, one of the most sustainable and lowest carbon emission nickel producers in the world.
Tesla Inc. is the world s largest manufacturer of electric vehicles and battery storage systems with a mission to accelerate the transition to sustainable energy, and nickel is a key metal used to manufacture Tesla Inc. s battery technology.
BHP Chief Commercial Officer, Vandita Pant, said: Demand for nickel in batteries is estimated to grow by over 500 per cent over the next decade, in large part to support the world s rising demand for electric vehicles.
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By Rhiannon Hoyle SYDNEY BHP Group Ltd. said it has signed a supply deal with Tesla Inc. for nickel, a commodity used in electric-vehicle batteries, from its Nickel West operations in western Australia. The world s biggest miner by market value said it and Tesla have also agreed to collaborate on sustainability efforts in the battery industry supply chain, such as ways to trace raw materials from pit to product using blockchain. BHP Chief Commercial Officer, Vandita Pant, said demand for nickel in batteries is expected to rise more than sixfold over the next decade in big part because of growing demand for electric vehicles. Batteries with a high nickel content are becoming more popular because of the metal s stability under high temperatures and its resistance to overcharging, analysts say.
BHP To Supply Nickel For Tesla Electric Car Batteries
MELBOURNE (dpa-AFX) - BHP (BHP.AX, BLT.L, BBL, BHP) said it has signed a deal with Tesla Inc. (TSLA) to supply the nickel needed in the electric car maker s batteries.
BHP will supply Tesla with nickel from its Nickel West asset in Western Australia. Nickel is a key metal used to manufacture Tesla s battery technology.
BHP Chief Commercial Officer, Vandita Pant, said: Demand for nickel in batteries is estimated to grow by over 500 per cent over the next decade, in large part to support the world s rising demand for electric vehicles.
Date Time
BHP enters into nickel supply agreement with Tesla Inc
BHP is announcing today the signing of a nickel supply agreement with one of the world’s leading sustainable energy companies, Tesla Inc.
BHP will supply Tesla Inc. with nickel from its Nickel West asset in Western Australia, one of the most sustainable and lowest carbon emission nickel producers in the world.
Tesla Inc. is the world’s largest manufacturer of electric vehicles and battery storage systems with a mission to accelerate the transition to sustainable energy, and nickel is a key metal used to manufacture Tesla Inc.’s battery technology.