Vale signs nickel supply deal with Tesla to expand into EVs

Brazilian iron ore and base metals producer Vale has signed a nickel supply agreement with United States’ automaker Tesla to increase its exposure to the electric vehicle (EV) sector, the miner said on Friday May 6.

Under the deal, class 1 nickel produced at Vale’s units in Canada will feed Tesla’s factories, the company added. Nickel is an important input for EV batteries that use nickel-cobalt-manganese...

Published

Renato Rostás

May 06, 2022

16:30 GMT

São Paulo