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Tesla, BHP plan out nickel deal
NICK EVANSTesla’s electric vehicles and battery installations will be partly powered by nickel produced in Western Australia, after BHP cut a deal for supply of the battery-making material with the world biggest electric car maker.
The deal has been in the making for most of the last year, but BHP said on Thursday it has signed a formal agreement with Tesla for nickel supply from its Kwinana nickel refinery south of Perth.
BHP said the terms of the deal, including price and volume, were confidential.
BHP’s Nickel West operations produced 89,000 tonnes of nickel last financial year largely in the form of powder and briquettes.
But the company is also closing on first production of nickel sulphate from a new plant at Kwinana, which the resource giant has previously identified as the key to building a strong presence in the battery metals sector.
BHP said WA’s clean and green reputation was an important part of the deal, with the two companies to also collaborate on ways to make the battery supply chain more sustainable.
BHP shares closed Wednesday at at $49.89.
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