Government researchers in the US and abroad believe we could help decarbonize and electrify the transportation sector with hardy, fast-growing plants that collect the metals needed to manufacture electric vehicle batteries in their roots, then harvest those metals later with a process that’s cleaner and cheaper than traditional mineral mining.
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Canada Nickel Co. is looking to spend US $1 billion to build a nickel processing plant in Ontario, which would be North America’s largest once it is completed.
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Tesla has released a list of direct battery material suppliers and confirmed that it has a long-term nickel deal with Vale, the world’s largest nickel producer.
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A new report says that Tesla is avoiding the current nickel crisis through “secret deals” with suppliers, including Vale.
The price of nickel has more than doubled over the last 12 months.
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Elon Musk recently made a call for the world to drill for more oil as prices are surging amid anticipated shortages due to the situation between Russia and Ukraine.
It’s surprising coming from someone who is trying to get the world off oil. But on top of it, he and Tesla should worry more about nickel prices, which are skyrocketing right now.
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Tesla has signed a new supply agreement in order to secure a large amount of nickel from New Caledonia for battery production.
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Tesla is listed as a “technical partner” in a deal to take over a very large and controversial nickel mine in New Caledonia.
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