Tesla Signs Third Deal with a Non-Chinese Nickel Producer: FT

(AF) Tesla has further diversified its suppliers and reduced reliance on China by signing a deal to buy nickel for its batteries from Anglo-Australian miner BHP, the Financial Times reported.

It follows deals struck with Vale and Goro as the electric vehicle maker’s chief Elon Musk seeks companies who can produce the metal “efficiently and in an environmentally sensitive way”, the report added. Full story: Financial Times

Tags: BHP

Mark McCord

Mark McCord is a financial journalist with more than three decades experience writing and editing at global news wires including Bloomberg and AFP, as well as daily newspapers in Hong Kong, Sydney and Melbourne. He has covered some of the biggest breaking news events in recent years including the Enron scandal, the New York terrorist attacks and the Iraq War. He is based in the UK. You can tweet to Mark at @MarkMcC64371550.