Tesla has agreed to buy nickel for its batteries from BHP, the world’s largest miner, as it looks to lock up supplies of the metal not controlled by China.
The deal is the third agreement for nickel that the electric carmaker has signed in the last eight months, following deals with Vale and the Trafigura-backed Goro mine, since chief executive Elon Musk called for supplies of “sustainable” nickel.
Musk said last July that he would offer a “giant contract for a long period of time” to companies that could mine nickel “efficiently and in an environmentally sensitive way”.
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