BHP Group has signed a nickel supply agreement with Tesla

The companies will also cooperate in the areas of developing systems for energy storage and reducing carbon dioxide emissions through the wider use of renewable energy sources.

BHP Group, one of the world’s largest mining companies, has announced the signing of an agreement with Tesla Inc. for the supply of nickel for electric car batteries. This is reported in the company’s statement published on its website on Thursday.

“BHP will supply Tesla Inc. with nickel from Western Australia <…> for the production of electric vehicles and batteries,” the company said in a statement.

BHP also announced that it intends to expand cooperation with Tesla Inc., conducting joint research to create new supply chains of batteries and raw materials for their production. “The demand for nickel, according to our estimates, will grow by more than 500% over the next decade, largely due to the growing interest in electric vehicles. The agreement with Tesla Inc. will allow us to make the battery supply chain more sustainable,” said Vandita Pant, BHP’s commercial director.

It is also reported that the companies will cooperate in the development of systems for energy storage and reducing carbon dioxide emissions through the wider use of renewable energy sources.

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Author: Steve Cowan
Graduated From Princeton University. He has been at the Free Press since October 2014. Previously worked as a regional entertainment editor.
Function: Chief-Editor
Steve Cowan

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