Tesla

Tesla could buy a mining company to produce its own supply of electric vehicle (EV) metals, if that would speed up worldwide adoption of clean energy technologies.

Core Lithium and Tesla have executed a legally binding term sheet for the supply of lithium spodumene concentrate from Core’s Finniss lithium project in the Northern Territory.

The nickel price broke a 10-year high this week, at $US21,680 ($29,765) per tonne for the first time since September 2011 as reports of dwindling battery metal supplies worried investors.

Nickel prices are expected to reach new record highs by 2027, according to data released by Fitch Solutions.

BHP has produced the first nickel sulphate crystals from its Kwinana nickel sulphate plant south of Perth in Western Australia. 

BHP will supply Tesla with nickel from its Nickel West asset in Western Australia in a collaboration which will aim to make the battery supply chain more sustainable.

Tesla chair Robyn Denholm has declared the company plans to spend more than $1 billion on Australia’s minerals supply to cater for growing electric vehicle (EV) demand.

Keep up with the latest executive movements across the mining sector, including at International Council on Mining and Metals (ICMM), Bellevue Gold, Chalice Mining and more.

Tesla chief executive Elon Musk has declared nickel supply as a major concern for the company’s battery production, which could spark future deals with Australian nickel miners.

The mining industry has been a frontrunner in adopting new technologies over the past decade, with electrification serving as the next frontier for a cleaner and cost-effective future.

Piedmont Lithium has inked an agreement to supply spodumene concentrate to Tesla for five years.

Tesla has revealed at its Tesla Battery Day that the company is planning to break into the battery metals mining business.

Pilbara Minerals is set to receive $US110 million in financing, positioning it to capitalise on the growing demand for raw lithium materials.

New Century Resources is optimistic about becoming a supplier of nickel and cobalt for electronic vehicles if it successfully acquires the Goro mine in New Caledonia from Vale.

Tesla chief executive Elon Musk is pushing miners to produce more nickel as an ingredient of lithium-ion batteries used in its electronic vehicles (EVs) with the incentive of a “giant” contract.

A global shift in capital allocations is under way. Trillions of dollars are flowing into sustainable or green investments, as the environmental, social and governance (ESG) sector shakes off its image as simply a feel-good investment class.

Australians are urged to cut down their ownership of fossil fuel-based cars as an electric vehicle (EV) presence will arrive “much sooner than later”.

BHP Nickel West has received state government approval to develop its Venus nickel sulphate deposit near Leinster in the northern Goldfields of Western Australia.

First Cobalt chief executive officer Trent Mell, in a letter to shareholders, has defended the metal’s continuing place as an important component in electric vehicle (EV) production.

From market darling to Australian mining’s major growth sector, lithium’s expansion has been undeniable.