Canada Nickel Co. is looking to spend US $1 billion to build a nickel processing plant in Ontario, which would be North America’s largest once it is completed.
Expand Expanding Close
Tesla has released a list of direct battery material suppliers and confirmed that it has a long-term nickel deal with Vale, the world’s largest nickel producer.
Expand Expanding Close
A new report says that Tesla is avoiding the current nickel crisis through “secret deals” with suppliers, including Vale.
The price of nickel has more than doubled over the last 12 months.
Expand Expanding Close
Elon Musk recently made a call for the world to drill for more oil as prices are surging amid anticipated shortages due to the situation between Russia and Ukraine.
It’s surprising coming from someone who is trying to get the world off oil. But on top of it, he and Tesla should worry more about nickel prices, which are skyrocketing right now.
Expand Expanding Close
Tesla has signed a new supply agreement in order to secure a large amount of nickel from New Caledonia for battery production.
Expand Expanding Close
Tesla is listed as a “technical partner” in a deal to take over a very large and controversial nickel mine in New Caledonia.
Expand Expanding Close