Tesla (TSLA) has inked a nickel-supply agreement with mining magnate BHP Group, according to a Bloomberg report. As per the deal, BHP’s Western Australian operations, Nickel West, will supply nickel to Tesla. The automaker will work closely with BHP to stabilize and improve the battery supply chain. Nickel, a crucial building block for lithium-ion batteries, is inching towards a supply crunch as the auto industry races towards electric vehicle (EV) manufacturing. The metal is preferred over cobalt as it enhances the power of batteries at a lower cost.
https://www.tipranks.com/news/tesla-strikes-nickel-supply-deal-with-bhp-group?utm_source=advfn.com&utm_medium=referral
Tesla (NASDAQ:TSLA)
Historical Stock Chart
From Aug 2021 to Sep 2021 Click Here for more Tesla Charts.
Tesla (NASDAQ:TSLA)
Historical Stock Chart
From Sep 2020 to Sep 2021 Click Here for more Tesla Charts.