Sudbury's Vale mine inks nickel deal with Tesla
Northern Ontario mining giant Vale has confirmed it has signed a long-term contract to supply Tesla with Class 1 nickel for its electric vehicles.
"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," Vale said in a news release Friday.
Deshnee Naidoo, Vale's executive vice president of base metals, said the company is pleased to partner with the leading electric vehicle manufacturer.
"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," Naidoo said.
"Vale’s target is to deliver 30 per cent to 40 per cent of Class 1 nickel sales into the fast-growing electric vehicle industry," the company added.
This comes just over a month after news that Canada is investing $2 billion in its mineral strategy for the electric vehicle battery supply chain.
In March, the Province of Ontario released its critical minerals strategy with an aim to position itself as a global supply leader.
CTVNews.ca Top Stories
MPs 'wittingly' took part in foreign interference: national security committee
Some MPs began 'wittingly assisting' foreign state actors soon after their election, says a report released Monday, including sending confidential information to Indian officials.
Pharmacare bill passes in the House of Commons, heads to the Senate
The Liberals' pharmacare bill is headed to the Senate after passing third reading in the House of Commons.
More Canadians are moving to the U.S. Here's one of the main reasons, according to an immigration expert
Recent data from the U.S. census revealed that more than 126,000 people moved from Canada to the U.S. in 2022. An expert said that one of the main reasons for this move is the cost of living.
Bus carrying Quebec tourists crashes in Cuba, leaving 1 dead and 26 injured
One person is dead and 26 were injured after a bus carrying Quebec tourists was involved in a collision in Cuba on Sunday.
Her gut was producing alcohol. Doctors didn't believe her
For two years doctors told her she was an alcoholic. Then they realized her gut was making alcohol from carbohydrates, a rare condition called auto-brewery syndrome.
Here's how far B.C. drivers must keep from cyclists, pedestrians under new law
A new law protecting cyclists and pedestrians in British Columbia takes effect Monday, establishing minimum distances that drivers must keep from so-called vulnerable road users.
Forest bathing: What it is and why some Alberta doctors recommend it
Many people are familiar with the benefits of being in nature, but forest therapy goes a step further than a simple walk in the woods.
Poilievre disagrees with Conservative MP who opposes same-sex marriage, vows to uphold
Facing scrutiny over comments one of his MPs made, Conservative Leader Pierre Poilievre says if he become prime minister, he will uphold same sex marriage rights, 'full stop.'
Toyota apologizes for cheating on vehicle testing and halts production of three models
Toyota Chairman Akio Toyoda apologized Monday for massive cheating on certification tests for seven vehicle models as the automaker suspended production of three of them.