3/4, 3:05 PM (Source: TeleTrader)
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Tesla to secure nickel supply via deal with mine - report

Tesla Inc. signed a deal with the Goro mine in New Caledonia, securing that way a supply of nickel, which company's CEO Elon Musk described as the firm's "biggest concern," the Financial Times reported on Thursday citing sources with direct knowledge on the matter.

The automaker will become "a technical adviser" at the mine, and in turn secure long-term supplies of nickel, as agreed in the contract with the New Caledonia government, the report added.

New Caledonia is one of the world's largest producers of nickel, although its output was somewhat curbed by the protests that have taken place in recent months.

Breaking the News / BU