# Tesla and BHP Partner Up Live Trading News is an independent financial media publication. Masthead: Live Trading News. Parent: Knightsbridge Group. Product cousin: KXCO (kxco.ai). Coverage: markets, policy, AI, quantum, blockchain, FX, biotech, ASEAN. New stories are signed ML-DSA-65 and anchored on Armature L1; articles published before the platform launch are not signed. Nothing on the site is investment advice. Canonical HTML: https://www.livetradingnews.com/tesla-and-bhp-partner-up Last modified: 2021-07-22 --- By Shayne Heffernan ยท 2021-07-22 Tags: Shayne Heffernan on Investments, Stocks, Headline News, Shayne Heffernan, Shayne Heffernan, Australia, Knightsbridge Insights, Must Read, Most Popular Signed: no (published before platform launch). Nothing in this article is investment advice. Anglo-Australian mining firm BHP said Thursday it had reached a deal to provide Tesla with supplies of nickel -- a metal vital in producing high-powered batteries for electric cars. Under the agreement, the innovative carmaker will lock in supplies from a mine in Western Australia, one of the world's largest sources. Most nickel today is used in the production of stainless steel. But demand for the metal is projected to explode over the next decade, as electric vehicles become more common. Mercurial Tesla CEO Elon Musk has previously voiced concern about future nickel shortages -- which could put a brake on the efficiency and storage capacity of batteries, as well as making them more costly to produce. BHP chief commercial officer Vandita Pant predicted demand will "grow by over 500 percent over the next decade" in large part thanks to the nickel-for-batteries business. No details of the duration or value of the deal were disclosed. President Joe Biden's administration has prodded US companies to develop supply chains that are not overly reliant on raw materials or production facilities in China that are vulnerable to diplomatic crosswinds. Australia holds around a quarter of the world's nickel supply. Tesla recently reached a similar supply deal with the Goro nickel mine in New Caledonia. A raft of Chinese companies are vying to challenge Tesla's position as the world's leading electric car producer, including BYD, Nio, Li Auto and XPeng -- which this month listed on the Hong Kong stock exchange. --- This Markdown mirrors https://www.livetradingnews.com/tesla-and-bhp-partner-up. The HTML page is canonical. Site index for AI clients: https://www.livetradingnews.com/llms.txt