Mining giant Vale in Northern Ontario has confirmed it has signed a long-term contract to supply Tesla grade 1 nickel for its electric vehicles.
“This agreement aligns with our strategy to increase exposure to the electric vehicle industry, capitalizing on our low carbon footprint and market leadership position as a successful nickel producer.” biggest product in North America,” Vale said in a news release on Friday.
Deshnee Naidoo, Vale’s executive vice president of base metals, said the company is excited to partner with the leading electric vehicle maker.
“This agreement reflects our shared commitment to sustainability and makes it very clear that we are the supplier of choice for the low-purity and low-carbon nickel products needed for long-range batteries,” Naidoo said. speak.
“Vale’s goal is to source 30% to 40% of grade 1 nickel sales into the rapidly growing electric vehicle industry,” the company added.
This comes just over a month after it was reported that Canada was investing $2 billion in a mineral strategy for the electric vehicle battery supply chain.
In March, the Province of Ontario released its key minerals strategy with the goal of becoming a global supply leader.
