As per sources, Tesla Inc has signed a nickel supply deal with Brazilian mining company Vale S.A. Following the Russian invasion of Ukraine, the price of nickel, essential to the making batteries for electric vehicles, has risen steadily. Recently, prices of… Read More ›
On Wednesday, in a statement Australia’s Liontown Resources said it has signed a five year agreement with Tesla to supply lithium spodumene concentrate for its electric cars. With the news reaching the market, shares of lithium miner’s went up by nearly 20%…. Read More ›
In a statement General Motors Co said, its electric commercial vehicle business, BrightDrop, has signed a deal to supply EVs with Walmart Inc and has expanded its supply agreement with FedEx Corp. It did not announce the financial terms of the… Read More ›
In a significant development that marks the return of General Motors Co to the rare earth industry, the US automaker now plans on sourcing rare earth magnets for its future line of electric vehicles from new U.S.-based manufacturing facilities under two… Read More ›
According to sources familiar with the matter at hand, Tesla Inc is negotiating a nickel supply deal with the BHP Group as part of a broader effort to ramp up production and meet higher production targets in an effort to… Read More ›
On Monday, Australian lithium miner Piedmont Lithium stated, it has signed a five-year deal with U.S. electric carmaker Tesla Inc for the supply of high-purity lithium ore mineral. With the news reaching the market Piedmont Lithium’s shares surged by 83%,… Read More ›
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