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Demand for electrical automobiles is exploding around the globe, stressing the provision chain for EV battery supplies. That has auto makers corresponding to
Ford
and
Tesla
seeking to lock up provides of those key elements.
Ford Motor
(ticker: F) on Thursday signed an settlement with a subsidiary of worldwide mining big
Vale
(VALE) and China’s
Zhejiang Huayou Cobalt
(603700.China) to “advance extra sustainable nickel manufacturing in Indonesia and assist make electrical vehicle-batteries extra inexpensive.”
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