Canada Nickel Company Inc V.CNC

Tesla deal with Vale?

[Rm90090]

Yahoo finance is reporting that Tesla has a secret deal with Vale for Nickel.

https://finance.yahoo.com/news/tesla-dodges-nickel-crisis-secret-115010406.html

If this is true, does Vale even have enough nickel left at their  Sudbury mine? If so, isn't Sudbury not environmentally friendly?

[reddog11]

and this article states the same. Take nickel out of other hands and the price will go higher. Thats certainly good for CNC https://www.bloomberg.com/news/articles/2022-03-30/tesla-dodges-nickel-crisis-with-secret-deal-locking-in-supplies?srnd=premium

[EndZonefor7]

Interesting news. Tesla will need more than Vale can supply and good point they don't have any clean nickel. Enter CNC and their zero carbon plan. Vale will have most of their nickel spoken for so Tesla will still be on the hunt.  2 to 3 year plan for production and all those billions makes things happen. Whose going to supply GM, Ford etc ? If CATL sets up shop in the USA for Ford

[Rm90090]

Now that the secret is out; I'd imagine that there is a legit race to buy up all the nickel supply.