# $VALE Strikes Deal To Supply Nickel to $TSLA

**URL:** <https://discussion.fool.com/t/vale-strikes-deal-to-supply-nickel-to-tsla/67625>\
**Category:** Destiny Solutions Corporation\
**Created:** [May 8, 2022, 9:12am UTC](https://discussion.fool.com/t/vale-strikes-deal-to-supply-nickel-to-tsla/67625 "2022-05-08T09:12:13Z")\
**Posts on this page:** 2\
**Page:** 1

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**Author:** ![Cat9MixCloud](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/cat9mixcloud/32/39218_2.png) [@Cat9MixCloud](https://discussion.fool.com/u/Cat9MixCloud)\
**Post date:** [May 8, 2022, 9:12am UTC](https://discussion.fool.com/t/vale-strikes-deal-to-supply-nickel-to-tsla/67625/1 "2022-05-08T09:12:13Z")

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[https://www.ft.com/content/352129a3-9d77-4a0d-9ce2-4d385cb1c…](https://www.ft.com/content/352129a3-9d77-4a0d-9ce2-4d385cb1ce27)

Tesla has agreed a long-term deal to buy nickel from global miner Vale as the carmaker looks to secure the raw materials needed for its batteries.

Nickel is needed for the most powerful lithium-ion cells used in electric vehicles and the supply agreement with the Brazilian group marks the latest move by Elon Musk’s group to lock down non-Chinese supplies.

Analysts estimate more than 80 per cent of the world’s nickel processing is based in China and 60 per cent of the world’s nickel mines are Chinese owned.

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**Author:** ![Cat9MixCloud](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/cat9mixcloud/32/39218_2.png) [@Cat9MixCloud](https://discussion.fool.com/u/Cat9MixCloud)\
**Post date:** [May 8, 2022, 9:40am UTC](https://discussion.fool.com/t/vale-strikes-deal-to-supply-nickel-to-tsla/67625/2 "2022-05-08T09:40:35Z")

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My charts are in the second tweet of this 2 tweet thread:

[https://twitter.com/peregreine/status/1523296578714230784](https://twitter.com/peregreine/status/1523296578714230784)