Vale in talks with Tesla, EV sector for Canada nickel – executive ( – October 5, 2020)

TORONTO – Brazilian miner Vale is in talks with Tesla and others in the electric vehicle (EV) supply chain about securing nickel from its Canadian operations, the head of the miner’s base metals unit said on Friday.

Tesla did not immediately respond to a request for comment. Tesla CEO Elon Musk in July urged miners to produce more nickel, a key ingredient in the batteries that power the company’s electric cars. Musk offered a “giant contract” if supplies could be produced in an environmentally sensitive way.

While EVs are expected to help reduce global carbon emission, environmentalists are concerned that production of EV parts and increased mining may damage the environment.

Analysts have also warned of a supply deficit for nickel, which makes batteries energy dense so cars can run further on a single charge.

Tesla and other automakers need to ensure there is sufficient nickel available to produce the number of batteries required for EVs over the next five to eight years, Mark Travers, Vale’s executive director of base metals, told Reuters.

For the rest of this article:—executive-2020-10-05

Comments are closed.