According to Jiemian News citing Reuters news on January 11, Tesla announced on Monday that it had signed the company’s first nickel supply agreement in the United States with Talon Metals Corp. Under the agreement, Tesla will purchase 75,000 tons of nickel over six years and will also purchase cobalt and iron ore from Talon.

Last year, Tesla also signed a nickel purchase agreement with Australian mining giant BHP Billiton, and also purchased nickel materials in French New Caledonia. The International Nickel Study Group (INSG) predicts that global nickel demand is expected to increase to 2.8 million tons in 2021 and 3 million tons in 2022.

Guojin Securities believes that under the dual supply and demand structure of nickel, in the short term, nickel for stainless steel will still be the mainstream, and nickel for new energy vehicle batteries has entered a stage of rapid growth. Coupled with the structural shortage of nickel sulfate supply, nickel The price is expected to rebound after a shock.

CITIC Construction Investment also stated that the growth rates of high-nickel from 2021 to 2023 will reach 115%, 83% and 61%, which is faster than the year-on-year growth rate of total lithium battery demand and is the most worthy investment segment.

In terms of related companies, according to the nonferrous · nickel section of the theme database,

Shengtun Mining: The company invested in the construction of a battery-grade sulfuric acid plant with an annual output of 300,000 tons in Fuquan City, Qiannan Prefecture, Guizhou Province New energy materials projects for nickel, 300,000 tons of battery-grade iron phosphate and 10,000 metal tons of battery-grade cobalt products.

GEM: The company ensures the strategic supply of nickel and cobalt raw materials through the multi-raw material strategic channel of "urban mines + self-built nickel resource base + strategic cooperation with international giants"