By Rebecca Le May – NCA NewsWire
July 22, 2021
BHP and Elon Musk’s Tesla have sealed a deal that will bring Australian metal into battery technology as global demand for electric cars soar and the miner seeks to reposition itself as a ‘greener’ company.
BHP announced the agreement on Thursday to supply Tesla with nickel from its Nickel West business in Western Australia, with the terms of the deal confidential, although it is believed to be a multi-year arrangement.
“Demand for nickel in batteries is estimated to grow by over 500 per cent over the next decade, in large part to support the world’s rising demand for electric vehicles,” BHP chief commercial officer Vandita Pant said.