Toronto, Ontario – Tesla is currently in the market for a new nickel supplier and the electric vehicles (EV) giant may soon be turning an eye towards Canada to secure it.
Tesla is currently in talks with Brazilian mining company Vale S.A. to potentially tap from their Canadian nickel supply, a valuable metal that is vital to the development of EV batteries.
In July, Tesla CEO Elon Musk promised a “giant contract” to the company that could supply Tesla with nickel in an environmentally sustainable way. While EVs, in general, may provide a solution to the harmful carbon emissions of traditional internal combustion engines, the effects of large-scale mining are enough to give many developers pause.
Vale is currently in the midst of expanding its Voisey’s Bay site to an underground operation that will produce about 40,000 tonnes of nickel-in-concentrate per year.
