Mr. Musk is not playing around in his quest to secure nickel supplies. Some links after the jump.
From Mining.com:
Tesla signs $1.5 billion deal for nickel from Talon Metals’ Minnesota project
Tesla on Monday said it has signed its first US supply deal for nickel, tapping Talon Metals Corp’s Tamarack mine project in Minnesota.
Under the terms of the deal, which Talon (TSX:TLO) said came after “extensive and detailed” due diligence and “lengthy negotiations,” Tesla will buy 75,000 tonnes (165 million pounds) of nickel over six years, with an option to increase the delivered tonnage.
Based on the ruling nickel price the deal is nominally worth more than $1.5 billion. Any iron and cobalt by-products at the proposed mine are also part of the deal. Tamarack is currently the only high-grade development-stage nickel project in the US and is a joint venture between Talon and Rio Tinto.
“The Talon team has taken an innovative approach to the discovery, development and production of battery materials, including to permanently store carbon as part of mine operations and the investigation of the novel extraction of battery materials,” said Drew Baglino, SVP of Powertrain and Energy Engineering at Tesla.
In July last year Tesla signed nickel supply deals with BHP in Australia for an estimated 18,000 tonnes of nickel annually and New Caledonia’s Prony Resources for about 42,000 tonnes of the metal....
....MUCH MORE
- "Tesla offers “giant contract” to responsible nickel miners" (TSLA; GLN)
- Tesla Strikes Deal With Top Miner BHP Over Nickel Supplies (TSLA; BHP)
Additionally January 3's "Electric vehicles and the nickel supply conundrum: Opportunities and challenges ahead" links to Platts' analysis of what's what and who's who.
