Vale inks supply deal with Tesla for low-carbon nickel

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Vale has inked a long-term supply deal with Tesla for the supply of low-carbon nickel.

According to the official announcement, Vale will supply Tesla with Class 1 nickel in the US from its Canadian operations which produce some of the lowest-carbon nickel in the world.

The company said the arrangement is in line with its aim of expanding its exposure to the electric vehicle industry by leveraging its low-carbon footprint and market-leading position as North America’s largest producer of finished nickel.

Vale is targeting 30% to 40% of Class 1 nickel sales in the fast-growing electric vehicle industry.

“We are pleased to have the leading electric vehicle manufacturer Tesla among our customers,” said Deshnee Naidoo, Vale’s Executive Vice President of Base Metals.

“This agreement reflects a shared commitment to sustainability and shows very clearly we are the supplier-of-choice for low-carbon and high purity nickel products essential for long-range batteries.”

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