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Vale S.A. (VALE)

NYSE - Nasdaq Real-time price. Currency in USD
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17.49+0.06 (+0.34%)
At close: 04:00PM EDT
17.41 -0.08 (-0.46%)
After hours: 07:11PM EDT
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  • Reuters

    Brazil's Vale signs long-term deal to supply Tesla with nickel

    SAO PAULO (Reuters) -Brazilian miner Vale SA said on Friday it has signed a long-term deal with Tesla Inc to supply the U.S.-based electric vehicle maker with nickel from its Canadian operations. Vale did not provide financial details on the deal and did not say how long it will last. The Brazilian miner said in a securities filing that the agreement involves supplying Tesla with low-carbon Class 1 nickel and is in line with its strategy of increasing its exposure to the electric vehicle industry.