No wonder the company wants to award a giant contract to whoever can mine more nickel. Giga wants to decarbonise the extraction and has access to hydroelectric power in British Columbia. Our newsletter is published every workday – short, to the point, and free of charge. Musk offered a “giant contract” if supplies could be produced in an environmentally sensitive way. else {document.write(""+yr);} TORONTO — Brazilian miner Vale SA is in talks with Tesla and others in the electric vehicle (EV) supply chain about securing nickel from its Canadian operations, the head of the miner’s base metals unit said on Friday. Neither did Tesla. During Tesla’s last … Made in Germany! Giga Metals Corp. (TSX.V: GIGA) (OTCQB: HNCKF), the company that will be partnering up with Tesla, has discovered an eco-friendly way of producing nickel. And this demand … Tesla had yet to comment although most carmakers keep supplier relations under wraps. Giga Metals is planning to produce 2,000 tons of cobalt and 40,000 tons of nickel every year for 20 years. The fact that Tesla, the company behind the battery Gigafactory, has been among the first to sound the battery metal shortage alarm, can only generate more demand for nickel. Giga Metals' low-carbon nickel plans include turning waste from its mining operations into cement type rock using carbon dioxide in the atmosphere and using hydropower. Tesla has been seen looking to source locally. Mobile Phones Only), For more information, please visit https://www.MiningNewsWire.com, Please see full terms of use and disclaimers on the MiningNewsWire website applicable to all content provided by MNW, wherever published or re-published: https://www.MiningNewsWire.com/Disclaimer, MiningNewsWire MiningNewsWire provides insights and opportunities in the mineral and mining sectors. In July, Tesla CEO Elon Musk sounded out his … According to the company’s website, their Turnagain mine has shown resources of 141,000 tons of cobalt and 2.36 million tons of nickel. For the production, a huge amount of battery minerals will be needed. Nickel companies in North America got a shot in the arm after Tesla Inc (NASDAQ:TSLA) CEO Elon Musk urged miners to produce more nickel, a key ingredient in the batteries that power the company's electric cars. Tesla Gigafactory 1, where Model 3 battery cells are produced. – ADVERTISEMENT – (adsbygoogle = window.adsbygoogle || []).push({}); Your email address will not be published. reuters.com (Giga Metal), reuters.com (Vale). Brazilian mining company Vale is reported to be in talks with Tesla and other electric vehicle companies to supply nickel from its Canadian operations. Reuters learned about this from three different sources at once. Though unconfirmed, Tesla having access to materials from within North America would, of course, be beneficial, both with regards to nickel and cobalt. Instead, there’s a three-tier approach with high nickel cells for the Semi and Cybertruck, with a 2/3 nickel and 1/3 manganese mix for “intermediate solutions,” that’s cars and the ion mix for stationary energy solutions. In the company’s mission statement presented by Elon Musk, it is stated that the company’s aim, apart from manufacturing eco-friendly cars, was to achieve environmentally friendly means of production. Tesla did not immediately respond to a request for comment. South Korean LG Chem (KRX:051910) also supplies Tesla with batteries, but using lithium-nickel-manganese-cobalt oxides. MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. A deal with Tesla may come as a surprise to some BHP investors since nickel makes up a small part of BHP’s business. The move would give the electric carmaker access to low-carbon nickel for its batteries, Reuters reported citing three anonymous sources who are familiar with the matter. Brazilian mining company Vale is reported to be in talks with Tesla and other electric vehicle companies to supply nickel from its Canadian operations. Suite MNW-1037 Los Angeles, California 90046 (310) 299-1717, Copyright © Tesla CEO Elon Musk in July urged miners to produce more nickel, a key ingredient in the batteries that power the company’s electric cars. Required fields are marked *, I have read and accepted the Privacy Policy *. Canada Nickel Company is advancing its 100 percent owned Crawford nickel-cobalt sulfide discovery. Martin Vydra, the company’s president, declined to comment on any meetings with Tesla. Tesla, after all, continues to grow its business, and in its recent earnings call Elon Musk said the biggest challenge for the company was still sourcing batteries. Plus, the company wants to use the cheaper nickel primarily for its new battery cells and get rid of cobalt in the long-run. Find the latest CANADA NICKEL COMPANY INC (CNIKF) stock quote, history, news and other vital information to help you with your stock trading and investing. Earlier in July, the Tesla CEO stated that the company would award a huge contract that would last a long period of time to any firm that could mine nickel, both efficiently and in an environmentally conscious way. During Tesla’s most recent earnings call, company CEO Elon Musk promised a hefty contract to any company that could mine Nickel in an environmentally sensitive way. Canadian nickel mining company Canada Nickel Co has announced that it has a way to mine the metal without creating a giant carbon impact on the environment. MiningNewsWire / 8033 Sunset Blvd. In addition to Giga Metals, the Canadian mining firm Canada Nickel Co. has also called on Tesla to provide its services. A recent report by the Financial Times revealed that Tesla was partnering up with Glencore, commodity miner and trader, to purchase cobalt. “Tesla will give you a giant contract for a long period of time if you mine nickel efficiently and in an environmentally sensitive way,” Musk said on a post-earnings call last week. The company had joined the Fair Cobalt Alliance this week, and Canada’s environmental regulations are among the stricter ones in the world. Canada Nickel Company is a Canadian base metals explorer headquartered in Toronto. According to a report, Tesla Inc. (NASDAQ: TSLA) is working on a collaboration with a Canadian mining company to help develop a mine that would provide Tesla a source for low carbon nickel that is used in its lithium-ion batteries. GM: Wireless battery management system for future EVs, BMW joint venture launches iX3 battery production in China, Car review: VW ID.4 – the Tiguan theme’s electric variant, Plug&Charge: The missing link to a breakthrough, Hyundai presents E-GMP electric car platform. While Tesla and its battery partner for North America, Panasonic, still combine nickel and cobalt in the current cells, they are looking to go cobalt-free in the long run. MNW is where news, content and information converge. As reported by Bloomberg, Tesla has recently reached out to companies about mining and processing nickel in an environmentally sustainable way. Sources told Reuters, discussions revolved around helping to develop a large mine that would give the electric carmaker access to low carbon nickel for its batteries. Most of the world’s nickel, about 800,000 tons, currently comes from Indonesia. A report by Reuters shows that the company has the capacity to produce 200,000 electric vehicles in Shanghai and 490,000 in the United States. The latter is a move many carmakers, including Tesla, have been striving for. The company, Vale, tells VOCM News it has engaged in talks with stakeholders at all points along the supply chain, including Tesla, to explore the possibility of partnerships. Forms are protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Tesla’s Plea for Sustainable Nickel Answered by Canadian Mining Company July 27, 2020 by Sarah Lee-Jones Nickel is a metal that can be used for many things, including batteries for electric vehicles. Toronto-based Canada Nickel Co. said it’s looking into building a facility that will process zero-carbon nickel just days after the Tesla Inc. boss pledged a “giant” contract to miners that produce the critical battery metal in an “environmentally sensitive” manner. https://www.electrive.com/2020/09/12/tesla-could-buy-nickel-from-canadas-giga-metal/. var d=new Date(); What is confirmed is that Giga Metal plans to produce 40,000 tonnes of nickel and 2,000 tonnes of cobalt a year for 20 years. . 8033 Sunset Blvd. Vale SA’s operations in Canada stretch into three provinces. Tesla prepares 40-year contract with Giga Metals to supply nickel and cobalt September 15, 2020 2 By autotimesnews Tesla is in talks with Canadian mining company Giga Metals about the possibility of a 40-year contract to supply low-carbon nickel for its batteries. Tesla Motors has been leading the way by substituting cobalt (much of which comes from difficult to regulate producers in the Dem. Also on Battery Day on 22 September, Tesla boss Elon Musk had stressed the importance of sourcing. Canada Nickel Company (TSXV:CNC) Year-to-date gain: 122.22 percent; current share price: C$2. The batteries supplied by LG Chem comprise 80 per cent nickel and 10 per cent each cobalt and manganese. 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. Tesla is reportedly interested in helping Giga develop a large mine from which it can source low-carbon nickel. Experts say this developing story is likely to be closely watched by other mining sector players like GoldHaven Resources Corp. (CSE: GOH) (OTCQB: ATUMF). Their Turnagain mine in British Columbia has potential resources of 2.36 million tonnes of nickel and 141,000 tonnes of cobalt, according to its website. Tesla is in talks with Canadian mining company Giga Metals to help develop a large mine that will give EV makers access to low-carbon nickel for its batteries, Reuters reported. Fast forward a few days and Canada Nickel Co is looking to take … According to Musk, nickel miners could be assured of massive contracts with Tesla, provided that their mining practices are efficient and environmentally conscious. Torqeedo execs Plieninger, Rummel & Goethe lift next challenges ... Brose & Comodule debut dedicated e-bike sharing solution. However, the electric car company still requires nickel, which is also used in their car batteries. Helping Giga develop a large mine from which it can source low-carbon.. Processes usually dispose of mining waste in the United States { } ) ; Your email address will not published! 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