Today, global mining group BHP announced that it signed a nickel supply agreement with Tesla. Additionally, BHP will collaborate with Tesla to make the battery supply chain more sustainable, with a focus on end-to-end raw material traceability using blockchain.
Based in Australia, BHP is the world’s largest mining firm by market capitalization. It will supply Tesla with nickel from its Nickel West operation, which claims to have a low carbon footprint compared to its competitors.
Nickel is a key metal used to make batteries for electric vehicles. In the near future, Tesla is set to spend more than $1 billion a year on battery raw materials from Australia, given its mining firms’ responsible production practices.
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