Tesla strikes deal with BHP Group, protecting an EV future

Published

3 years ago

July 22, 2021

Anthony Lucas

One of the worlds biggest EV carmakers has protected itself from a future supply crunch

Tesla has struck a nickel-supply deal with BHP Group.

The Elon Musk-led company is seeking to protect itself from a future supply crunch.

BHP will provide the electric-carmaker with the metal from its Nickel West operation in Western Australia.

In a statement, BHP stated that the two companies would work together to make the battery supply chain more sustainable.

BHP to supply Tesla with nickel from its Nickel West asset in Western Australiahttps://t.co/y5orl2izGF
— First Squawk (@FirstSquawk) July 22, 2021

Growing concern of future nickel supplies

Telsa’s billionaire boss, Elon Musk, has repeatedly expressed concern about future supplies of nickel due to challenges in sustainable sourcing.

Musk has pleaded with miners to produce more nickel, with demand set to skyrocket as the world increasingly moves toward electric vehicles and phase out internal combustion engine cars.

Nickel is a key component in lithium-ion batteries

The product is used in electric vehicles – and Tesla needs it greatly.

It packs more energy into batteries and allows producers to reduce use of cobalt, which is more expensive and has a less transparent supply chain.

Why the meme-stock frenzy is unlikely to repeat

Published

5 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

5 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

6 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending