Stock Groups

Tesla signs deal for first U.S. supply of nickel with Talon Metals -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILEPHOTO: Tesla’s logo can be seen in a Bern, Switzerland branch office on October 28, 2020. REUTERS/Arnd Wiegmann/File Photo

(Reuters) – Tesla Inc. (NASDAQ) announced Monday that it signed its first U.S. supply agreement for nickel. The company chose Talon Metals Corp.’s Tamarack project in Minnesota to manufacture the battery metal used for electric vehicles.

Tesla will acquire 75,000 tonnes worth of nickel in six-year time. Talon will be the automaker’s source of cobalt, iron ore and other metals.

Disclaimer: Fusion MediaThis website does not provide accurate and current data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media does not accept any liability for trade losses that you may incur due to the use of these data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.

[ad_2]