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Mining giant BHP to supply Tesla with Australian nickel

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(Kitco News) - BHP, a leading global resources company, announced today the signing of a nickel supply agreement with Tesla Inc., one of the world’s leading sustainable energy companies.

BHP said it 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.

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.”

“We are delighted to sign this agreement with Tesla Inc., and to collaborate with them on ways to make the battery supply chain more sustainable through our shared focus on technology and innovation.”

In addition, BHP and Tesla Inc. agreed to collaborate on ways to make the battery supply chain more sustainable, with a focus on end-to-end raw material traceability using blockchain; technical exchange for battery raw materials production; and promotion of the importance of sustainability in the resources sector, including identifying partners who are most aligned with BHP and Tesla Inc.’s principles and battery value chains.

BHP said it will also collaborate with Tesla Inc. on energy storage solutions to identify opportunities to lower carbon emissions in their respective operations through increased use of renewable energy paired with battery storage.

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.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.