According to the Financial Associated Press, on Monday, Tesla announced that it had signed a six-year nickel supply contract of 75,000 tons, its first nickel supply agreement in the United States. Tesla has chosen Talon Metals Corp’s Tamarack mine in Minnesota as a supplier because it plans to produce nickel in a more environmentally friendly way.
Separately, Tesla also announced Monday that it plans to purchase 75,000 tonnes of nickel concentrate, as well as small amounts of cobalt and iron ore, from Talon’s Minnesota project over the next six years at the London Metal Exchange’s listing price.
With the purchase, Tesla CEO Elon Musk has secured a critical source of nickel for Tesla’s battery factories in Texas and Nevada. The Tamarack project is said to be operated by a joint venture between Talon and Rio Tinto and is scheduled to open in 2026.
In 2020, Tesla signed an agreement with Piedmont Lithium to supply lithium to its Texas battery plant, according to the data. But last year, the deal was on hold due to growing North Carolina opposition to a proposed lithium-mining project in Piedmont.
It is understood that Tesla is mainly engaged in the design, development, production and sales of high-performance electric vehicles and advanced electric vehicle power system components, and also provides research and development and OEM services for electric vehicle power systems to third parties.
Tesla electric vehicles meet the highest standards in the automotive industry in terms of quality, safety and performance, and provide services such as air upgrades with the most cutting-edge technology and complete charging solutions; it also reduces the global transportation’s dependence on non-renewable energy, and Truly zero emissions. The company also manufactures and sells energy storage products for household, industrial, and utility use.