SMM: it is reported that Tesla is negotiating with Canadian mining company Giga Metals on the mining of a large mine that can provide Tesla with low-carbon nickel.
During Tesla's second-quarter earnings call, CEO Elon Musk (Elon Musk) urged nickel miners to come up with sustainable mining methods to facilitate Tesla's cooperation. At present, Tesla's electric vehicle and battery storage business continues to grow, and Musk points out that only companies that mine large amounts of nickel in a sustainable manner are likely to sign large contracts for Tesla.
Giga Metals seems to be well suited to Tesla's requirements because it plans to design a system that uses carbon dioxide in the atmosphere and hydraulic power to convert waste from mining operations into cement-based rock. Martin Vydra, president of Giga Metals, did not confirm that the company had signed a contract with Tesla, but said in a statement that the cost of the project could be less than $1 billion.
, Giga Metals plans to produce 40, 000 tonnes of nickel and 2000 tonnes of cobalt within 20 years, enough to power thousands of electric vehicles, according to a person familiar with the matter. It is reported that the mine will be located in North America and will help supply nickel to the Gigafactory superplant in Tesla Nevada. One source added that any deal between Tesla and Giga Metals would continue throughout the mine's useful life.
In addition to Giga Metals, another Canadian mining company, Canada Nickel, has also contacted Tesla to provide services to Tesla. Just days after Tesla's earnings call for the second quarter of 2020, the mining company announced plans to build a plant capable of processing zero-carbon nickel. Musk seemed optimistic about the company's publicity and said the idea "sounds good."
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