tesla nickel vale

India’s Adani Green Energy To Buy 300 Megawatts of Operational Solar Projects, Slash Solar Prices 60%? The content produced by this site is for entertainment purposes only. Tesla has decided to become a technical partner in a nickel mine - which is needed for lithium-ion batteries that power electric cars. Tesla currently sources nickel-cobalt-manganese (NCM) batteries from South Korea's LG Chem Ltd 051910.KS and nickel-cobalt-aluminium (NCA) batteries from Japan's Panasonic Corp 6752.T. Tesla is expected to become an industrial adviser at the Pacific island’s Goro mine, which is owned by Brazilian mining giant Vale and is a French overseas territory. Column: Right now, there is too much nickel on the market . Tesla is partnering with the New Caledonia nickel mine as a technical advisor as a way to secure stocks of nickel, Mining Global has reported. 03/04/2021 | 12:11pm EDT *: *: * PARIS (Reuters) - Political leaders in New Caledonia on Thursday agreed new terms for the sale of Vale's nickel business, including a majority stakeholding for local interests, seeking to resolve unrest over … “So it’s very important to have a mass efficient and long-range pack.”. 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Brazil’s Vale SA, the top commercial nickel producer, has also talked with Tesla. Pius Ginting, an environmental activist, summed it up perfectly: “The net result is we have clean air in our cities — but then we destroy a rich biodiversity area.”. Asked whether Vale and Tesla have held discussions, Travers said: “Yes, absolutely.” Vale, whose Canadian operations span three provinces, is 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. Tesla : New Caledonia agrees to Vale nickel mine sale, Tesla to be partner. Mining Global noted that the Brazilian miner Vale’s choice to sell its nickel mine and processing plant to a consortium that included Trafigura, a Swiss commodity trader, added a lot of fuel to the fire by sparking opposition from pro-independence groups. Luckily, Tesla requires its sources to go through due diligence processes, and it is unlikely the company will steer away from them to obtain nickel. Publishing date: Jul 29, 2020 • July 29, 2020 • … Electric Motorcycle Startup Kiri EV Scaling Up After 12 Month Pilot In Nairobi, Tesla Model Y Ramps Up In China, $4400 Wuling EV Still #1, Volkswagen Leads The Way In Germany — February EV Sales Report, Market Share Growth of Plugin Vehicles in 7 Top Countries from 2% Share, Attracting & Retaining Residents With EV Charging At Apartments, Condos, Etc. The contract was signed in March 2020. Even though other countries have nickel available, the increased demand for EVs will require large automakers, like Tesla, to eventually have to source some of the metal from Indonesia. Tesla is listed as a “technical partner” in a deal to take over a very large and controversial nickel mine in New Caledonia. Nickel-based cells would give Tesla an advantage in electric vehicle range, a category where the company already leads by a sizeable margin. A North American electric vehicle giant Tesla, has signed a contract with Vale-NC for the supply of intermediate mixed nickel and refined cobalt produced in New Caledonia. USA Is So Freakin’ Far Behind Europe On Electric Vehicle Adoption — Or Is It? America’s Electrical Grid Has A Transmission Problem — How To Move Electricity From Here To There? It is interesting to note that Vale’s operations currently span three provinces in Canada, with the underground operation at its Voisey’s Bay site poised to produce … Advertise with CleanTechnica to get your company in front of millions of monthly readers. All rights reserved. Steven Brown, a consultant and former employee at nickel mining company Vale, says that it could be challenging for customers who are environmentally-conscious to want products that contain the metal after hearing how some entities dispose of it. Vale: Vale is one of the leading nickel producers in the world. The nickel price ticked up modestly this morning as a reports that Brazilian miner Vale is in talks with Tesla (NASDAQ:TSLA) about a secure supply of nickel.Nickel is one of the key components that Tesla uses in the manufacture of batteries for its electric vehicles, and in recent months there has been concern … Tesla (NASDAQ:TSLA) is looking to have an interest in a Canadian mine to secure a supply of low-carbon nickel, according to a Reuters report. There is a delicate balance between positive environmental impact after EVs hit the road and the harmful impact sourcing some of the metals have. Nickel-based cells would give Tesla an advantage in electric vehicle range, a category where the company already leads by a sizeable margin. Also on Battery Day on 22 September, Tesla boss Elon Musk had stressed the importance of sourcing. The problem is: Nickel mining isn’t much different. Brazil-based miner Vale decided last year to sell its nickel mine and processing plant to a consortium, which included Swiss commodity trader Trafigura. “At some point, it will happen where they can’t avoid Indonesian nickel,” Brown added. Vale: Vale is one of the leading nickel producers in the world. Tesla is expected to become an industrial adviser at the Pacific island's Goro mine, which is owned by Brazilian mining giant Vale and is a French overseas territory. Brazilian mining company Vale is reported to be in talks with Tesla and other electric vehicle companies to supply nickel from its Canadian operations. “We use very little cobalt in our system already, and that’s — that may to zero along, so it’s basically about nickel,” Musk said. Violent protests led Vale to shut down its site in December. Cobalt, a controversial element on its own, is responsible for stabilizing the cell and has been effective in increasing the safety of the high-energy batteries that Tesla has used. Details on the agreement New Caledonia is the world’s 4th largest nickel producer. Nickel is a crucial metal in electric vehicle batteries because it can increase energy density and provide cars with more range. With electric cars becoming more popular, batteries will be a large part of the surge in demand for the metal. Political leaders in the French Pacific territory agreed on March 4 to sell a majority stake in Vale’s (NYSE: VALE) nickel … Tesla CEO Elon Musk promised a “giant contract” to a nickel supplier during the Q2 2020 Earnings Call. Tesla will also be taking supply for its battery production, the political agreement noted. The Semi is an excellent example of this. 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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. Trafigura will have a 19% stake, which is less than the original 25% that was in the sales deal with Vale. Vale aims to average 200kt in volume of nickel through 2021, increasing that to 220kt in volume, with ~60% likely in class 1 nickel. However, the automakers do not assume any of the responsibility for the mining companies’ process of getting rid of waste. Johnna is also the host of GettingStoned.online, a jewelry artisan and a $TSLA shareholder. Tesla is partnering with the New Caledonia nickel mine as a technical advisor as a way to secure stocks of nickel, Mining Global has reported. However, a  recent agreement between the political groups and other interests was established and both Vale and Trafitura seem to be satisfied. Even though Musk has stressed the necessity of Tesla’s need for clean nickel, we’re in that sort of bimonthly cycle when half the collective mind of retail traders decides to become iconoclasts and hate Tesla. The Zacks Rank #2 (Buy) company expects to produce 180-195 KT of nickel in 2020, implying a decline from 208 KT in 2019. Third-party companies complete random visits to these mines a few times a year to ensure that the cobalt Tesla is using in its batteries is humanely obtained. We’re in the bash-Tesla part of the cycle. Of course, Tesla will benefit from having more nickel, but it has to be sourced responsibly for the company even to consider using it. It also is not environmentally-friendly to mine. “Where every unit of mass that you add in battery pack, you have to subtract in cargo,” he said. The Zacks Rank #2 (Buy) company expects to produce 180-195 KT of nickel in 2020, implying a decline from 208 KT in 2019. 70%, 80%, 99.9%, 100% Renewables — Study Central, Clean Energy 101: A Renewable Energy Explainer with CleanChoice Energy, Clean tech and sustainability market research, CleanTechnica Intern – Client communications, Cyber Monday EV Aftermarket Virtual Trade Show, Electric Vehicle Sales Charts, Graphs, & Stats, Engage Global Competition: Technology for a Sustainable Future, Engineering, Procurement, and Construction Resources for the Solar Industry, NIO ES8 — The Chinese Electric SUV Outselling The Tesla Model X, Nukes, Renewables, and the Union of Concerned Scientists, Reality Check — Correcting the Cleantech Record, Solar Panel Installers — Top Solar Panel Installers & How To Evaluate Them. The Zacks Rank #2 (Buy) company expects to produce 180-195 KT of nickel in 2020, implying a decline from 208 KT in 2019. Musk stated during the Earnings Call that nickel-based cells are essential for the development of larger vehicles, like the Tesla Semi, for example. On top of that, nickel is the second most expensive metal in EV batteries. Tesla has made it a point to choose companies that share their mission for sustainability because the automaker realizes that building an electric car starts with sourcing the materials. Under this agreement, political groups proposed a 51% stake in the Vale operations to be held by New Caledonia’s provincial authorities and local interests. In a statement to ReutersMark Travers, executive director of base metals at Vale, noted that the mining company “absolutely” had discussions with Tesla. CleanTechnica Member, Supporter, Technician, or Ambassador. The deal was signed in the French Pacific territory and Analysts believe that Indonesian miners will provide nearly all of the growth of nickel supplies over the next decade. Tesla has taken extra steps to ensure that its cobalt suppliers are treating their workers humanely through a series of due diligence checks. A Trafigura spokesperson stated, “We’re looking forward to operations resuming and for final completion of the transaction as soon as possible.” Tesla’s part in all of this is being an industrial partner that will help with product and sustainability standards. However, the mining process of cobalt is questionable, and mines which can obtain it likely are using child labor, which is highly illegal. The largest nickel sources are in Indonesia, where millions of tonnes of waste are dumped into the sea, polluting coral reefs and damaging the homes of turtles. Have Rosy Forecasts About the Legacy Energy Industry Created a Financial Bubble? Tesla Inc (NASDAQ: TSLA) recently signed a deal to become an adviser of a nickel mine called Goro in New Caledonia — which is a French territory comprised of several dozen islands in the South Pacific. This is a pretty big deal for New Caledonia given its political structure and how it literally fell apart over a nickel deal and independence push earlier this year, according to The Guardian, all of which included the collapse of a multi-party government led by President Thierry Santa. Nickel could replace cobalt in Tesla’s current battery cells. Vale SA Chief Financial Officer Luciano Siani Pires discusses the Brazilian miner's credit upgrade, talks with Tesla over a possible nickel mining partnership, and production targets. Pro-independence groups vehemently opposed the decision, leading to violent protests that caused Value to shutter the site in December. “It could undermine the entire proposition of trying to sell a consumer a product that is environmentally friendly, if you have this back story,” he said. Electric car maker Tesla (NASDAQ: TSLA) will become a technical adviser at the conflict-ridden New Caledonia nickel mine, as part of the company’s attempt to secure enough supply of the key battery metal, which CEO Elon Musk has singled out as his biggest concern.. Still, it is also used in everyday products, like stainless steel appliances, Financial Times says. The problem is that the company will have trouble finding an efficient and environmentally-friendly nickel mine, and it could prove to be Tesla’s biggest challenge yet. This information was confidential and only negotiators had access to it, reports New Caledonia Business. If the materials are not responsibly obtained, then the EV isn’t as Earth-friendly as it could be. Tesla’s Nickel Problem: The quest for sustainable sourcing, Tesla to sell $5 billion in TSLA stock amid monster rally, SEC filings reveal, Tesla wants new video games to be made at Giga Texas. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries. It is tough being Tesla. However, with new vehicles on the way, cells have to be adjusted to work with specific workloads. There’s a lot going on there, for sure. Vale (VALE) VALE is the world’s largest producer of nickel with mines in Brazil, Canada, and Indonesia as well as joint-venture partnerships in five continents. How Much Does Volkswagen’s Bi-Directional Charging Innovation Matter? Copyright © 2021 CleanTechnica. Vale: Vale is one of the leading nickel producers in the world. New Caledonia agrees to Vale nickel mine sale, Tesla to be partner Reuters Thursday March 04, 2021 08:05 (Adds Vale reaction, background) Copyright © TESLARATI. It only trails cobalt, which Tesla has worked intensively to get away from because of its environmental and humanitarian impact. Fleet Owners: For Big Savings, Plan Now For Electrification, Demand Flexibility Is Critical — Use It When We Have It, Upgrading A Water Heater: Heat Pump, Solar, Or On Demand? Tesla has been seen looking to source locally. Tesla did not immediately respond to a request for comment. VALE is the largest nickel producer in the entire world, with Tesla constantly calling for more Nickel production, the partnership potential for these two companies is a match made in heaven. But it is their responsibility to choose a company that decides to handle the ridding of environmentally-harming materials responsibly. Tesla Nickel Deal with Vale. VALE notified creditors on September 14th that it was paying off it’s $5 billion debt, suggesting a large deal leveling them an … The Tech & The Pros & Cons Of Each, Building Industry Framework Will Tackle Consumer Demands To “Go Green!”, No, Tesla Won’t Beat Lamborghini At Handling Anytime Soon, Samantha Reese: Connecting Science to Industry with Supply Chain Analysis, New Perovskite LED Emits A Spin-Polarized Glow, Tesla Autopilot & FSD Are Not Perfect (Obviously), But Attacks On Them Are Nonsensical & Counterproductive, Modern Spare Fills In A Critical Gap For Tesla Owners, The KBO Breeze Is A Solid E-bike At A Value Price (CleanTechnica Review), The Charge City E-bike Was Designed For City Commuting, In Defense Of PHEVs — Part 2 (To Be Continued…), Tesla Model 3 Tops European Market in February — EV Sales Report, Manual Jeep & Shifterless Tesla Show The Very Different Approaches EV Manufacturers Can Take. Currently, VALE is investing in new projects and partnerships to increase its nickel production by 70% in the next few years to 360,000 tons a year. Although it would be advantageous, safer, and provide more range for Tesla’s vehicles, it is tough to find nickel that is environmentally-friendly and responsibly mines. Author of the article: Reuters. Tesla boss Musk's desire for more nickel could be a non-starter . Johnna Crider is a Louisiana native who likes crawfish, gems, minerals, EVs, and advocates for sustainability. The deal was signed in the French Pacific territory and noted that the partnership is a “technical and industrial partnership” in which Tesla will source raw materials for batteries. New Caledonia agrees to Vale nickel mine sale, Tesla to … In a statement, Vale said, “Our task now is to complete any and all outstanding items to allow the transaction to formally conclude.”. 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