Tesla & BHP Potential Nickel Supply Deal For Electric Vehicle Batteries

TSLA and BHP stock - nickel mining deal for electric vehicle batteries:
Tesla has recently been calling all Nickel miners to action since their recent battery day event where the electric vehicle manufacturer announced they will be constructing and commissioning their own battery production lines to meet the growing demand. This demand is likely to create a supply chain crunch which would be a limiting factor in their battery cell production.

The important of Nickel in electric vehicle batteries comes down to increasing the energy density and reducing the total raw material cost of the battery. These improvements make each kwh of battery storage capacity more cost competitive to manufacture and provide the vehicle with increased range and power. With nickel leading to 80% of the mass inside NCA and NMC cathodes battery manufactures are going to require increased raw material supplies.

BHP Is an Anglo-Australian diversified mining company with headquarters in Melbourne and has been increasing its nickel production from 70,000 metric tonnes in 2017 to 87,000 tonnes in 2019.

BHP has signed a 15-year power purchase agreement with Southern Cross Energy extending the current arrangement between the two companies until 2038, while allowing the mining giant to supply “sustainable nickel” to its growing customer base. BHP hasn’t revealed which companies it will be supplying nickel to however speculation is growing around Tesla being a major customer.

#Tesla #TSLA #Investing #Teslastock #Teslanews #BHP #Nickle #Nickleminers

*None of this is material meant to be construed as investment advice, it's for entertainment purposes only. The video is accurate as of the posting date but may not be accurate in the future.*

References:
BHP announcement on Honeymoon Well Nickel Project acquisition:

BHP announcement on energy contract extension:

BHP 2020 Annual report reference:

BHP – Our Business – Our Commodities:

[sophied]

Really interesting to learn how different companies interact with each other

[jasonbrown]

Tesla is definitely going to need all the Nickel they can get a hold of

[fredjefferson]

That’s a massive amount more nickel than the other components!

[antonyjohnson]

BHP will have to ramp up there supplies and need to acquire other nickel mining operations

[SageFinance]

Do you think Tesla will be signing as many nickel supply contracts they can to meet demand?

[eupasswood]

Guys! You all have Right about BHP! But, any "insider Infos means, that BHP (or Sherritt - but it's more like BHP, however!) are intersted in the Turnagain Nickel Project from GIGA Metals! If that's only halfway true, I'll give the GIGA a Great Chance! Whether there will be a "Collaboration or a simple "Buyout is of course still questionable! My opinion is that GIGA will go one way, and the Big Companies who need larger Nickel Stocks/Reserves know that as BHP for example! Therefore I am not interested in whether GIGA has two or more Employees and it is also irrelevant who has benefited from the stock market boom, before! I think whoever can should buy shares from Giga! Just saying! cheers!

[EclecticVisionHub]

I think you should look into Queensland Pacific Metals

[markross]

BHP should be jumping at this big time

[ThisisSeeLifeHomesteading]

We like to support small channel's and hope they will do the same for us.