Tesla signs its first nickel supply agreement in the U.S. to purchase 75,000 tons of nickel over the next six years

Recently, Tesla said that it has signed the company's first nickel supply agreement in the United States, and it finally chose Talon Metal's Tamarack mine project in Minnesota because the company plans to use a process that is considered more environmentally friendly to produce electric vehicle battery metal. Under the agreement, Tesla will buy 75,000 tons of nickel over six years, and will also buy cobalt and iron ore from Talon.

Tesla Model 3

With the rapid development of new energy vehicles, and power batteries related to the price of various raw materials is also soaring, Tesla's move or for the possible future raw material price increase in advance to make reserves. Not long ago, Tesla also signed a battery graphite purchase agreement with Australian graphite product supplier Syrah Resources, agreeing to purchase most of the battery graphite produced by the latter at a factory in Louisiana to ensure the supply of this critical material. Syrah said the company will supply graphite anode materials to Tesla in the first four years, and if its Louisiana plant is further expanded, Tesla will also have the option to buy a larger amount of graphite anode materials.

The reason why Tesla purchases raw materials everywhere is inseparable from its soaring sales. In the whole year of 2021, Tesla sold 936,100 new energy vehicles worldwide, an increase of 87.4% year-on-year, and in 2022, its two super factories in Austin, the United States and Berlin, Germany, will also be officially put into operation, and the increase in its production is bound to increase the demand for raw materials for automobile production.