Vale confirms supply deal with Tesla for low-carbon nickel.
Vale notes the disclosure by Tesla Inc and confirms it signed a long-term contract with Tesla Inc to supply Class 1 nickel in the United States from its operations in Canada.
This agreement is in line with our strategy to increase exposure to the electric vehicle industry, leveraging our low-carbon footprint and market-leading position as North America’s largest producer of finished nickel.
Deshnee Naidoo, Vale’s Executive Vice President of Base Metals, said:
We are pleased to have the leading electric vehicle manufacturer Tesla among our customers.
“This agreement reflects a shared commitment to sustainability and shows very clearly we are the supplier-of-choice for low-carbon and high purity nickel products essential for long-range batteries.”
Vale’s target is to deliver 30% to 40% of Class 1 nickel sales into the fast-growing electric vehicle industry.
Vale’s Canadian operations produce some of the lowest-carbon nickel globally.
Rounds from its Long Harbour refinery in Newfoundland & Labrador in 2020 had a verified carbon footprint of 4.4 tonnes CO2 equivalent per tonne of nickel, while pellets and powder from the Copper Cliff Nickel Refinery in Ontario had a verified footprint of 7.3 tonnes equivalent.
This includes Scope 1 and 2 emissions from mining, milling and refining as well as upstream Scope 3 emissions from inputs.
Vale confirms supply deal with Tesla for low-carbon nickel, May 6, 2022
