BHP to produce nickel for Tesla to boost demand for EVs

The Australian mining giant BHP Group said in a statement that its Western Australia-based Nickel West mines had "continued to be compromised." will continue supplying nickel ore to Tesla The world's largest electric vehicle (EV) manufacturer. Nickel ore is the main raw material for EV battery production.


“Demand for nickel ore for battery slot game production is expected to increase by more than 500% over the next 10 years, largely due to increased global demand for electric vehicles,” said Vandita Pant, chief commercial officer of B. HP said


BHP's main revenue comes from its iron ore business. which is used to produce steel


BHP currently supplies 85% of nickel to battery raw materials suppliers worldwide. The company is also building a new facility nearing completion to produce nickel sulfate. which is a raw material used in lithium-ion batteries of electric vehicles