- BHP announced signing a nickel supply agreement with Tesla.
- The announcement followed the $1 billion investment announced by Tesla in the Australian mining industry.
- Tesla is investing in the Australian mining industry because of its ethical production practices.
Tesla (NASDAQ: TSLA) yet again garnered the attention of the investors who trade in the Australian mining sectors. Recently, BHP Group Limited (ASX:BHP) announced that the mining company has sealed a nickel supply deal with the US electric car company Tesla. The deal followed the news which came out in June 2021 through Robyn Denholm (Chairman of Tesla) that Tesla will be spending more than $1 billion on Australian minerals for the next few years as Australian mining companies have a good reputation, professionalism, and great expertise. Moreover, Australian mining companies will help in developing the electrical vehicles batteries supply chain and helps in meeting both current and future’s ESG requirements.
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