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Mining giant cites Tesla’s battery efforts as a sign of nickel’s potential in the clean energy sector
During the Diggers and Dealers forum in Kalgoorlie, Australia on Tuesday, Eduard Haegel, the asset president for BHP’s Nickle West subsidiary, stated that calls from Tesla CEO Elon Musk for more nickel production highlighted the opportunities that are currently being opened to the mining industry. These opportunities, the executive noted, are becoming more evident amidst the rise of the clean energy sector.
Haegel did not formally confirm if BHP has reached a concrete deal with Tesla for the electric car maker’s nickel needs, though he did state that the Australian company has started boosting its nickel production, as noted in a Renew Economy report. He also noted that the mining giant will be making notable investments towards upgrading its nickel production and processing facilities, allowing the company to achieve more output.
“At Tesla’s recent battery day, Elon Musk flagged the enormous demand that will come for nickel as this decade unfolds. His call for nickel miners to grow quickly offers real evidence of the place nickel has as a strategic battery metal going forward. Nickel West is well-positioned to benefit from this anticipated growth. Last year, we sold around 70% of our nickel to battery manufacturers around the world, making BHP one of the world’s leading battery metal suppliers,” Haegel said.
Previous reports have indicated that BHP and Tesla are in active negotiations over a potential nickel supply deal. Interestingly, BHP is not the only Australian company that Tesla seems to be striking deals with, considering that the electric car maker is already sourcing some of its lithium from the country. That being said, nickel is a key material for Tesla’s battery production plans, as the metal is a key component for the batteries of vehicles like the Tesla Semi and the Cybertruck.
Elon Musk, for its part, has been emphasizing that nickel miners would find a lot of business with Tesla. This point was emphasized by the CEO once more during the Battery Day event, when Musk urged miners to mine more nickel.
“I’d just like to re-emphasize, any mining companies out there, please mine more nickel. Wherever you are in the world, please mine more nickel and don’t wait for nickel to go back to some high point that you experienced some five years ago. Go for efficiency and environmentally-friendly nickel mining at high volume. Tesla will give you a giant contract for a long period of time if you mine nickel efficiently and in an environmentally sensitive way,” the Tesla CEO said.
Haegel, for his part, emphasized in his talk at the Diggers and Dealers forum that nickel will likely be a workhorse of sorts in the clean energy sector. As markets become battery-powered, materials like nickel would undoubtedly become more valuable.
“In our central energy view, we expect to see the accumulative demand over the next few years is 250% of that of the past 30 years. Nickel is a standout winner from a decarbonizing world. It secures this position because no matter what metals (or combination of metals) are tested in lithium-ion battery cathodes, nickel produces the highest energy density of any. This is an insight for why nickel has such a positive future. It is the workhorse of the lithium-ion battery,” he said.
Elon Musk
Brazil Supreme Court orders Elon Musk and X investigation closed
The decision was issued by Supreme Court Justice Alexandre de Moraes following a recommendation from Brazil’s Prosecutor-General Paulo Gonet.
Brazil’s Supreme Federal Court has ordered the closure of an investigation involving Elon Musk and social media platform X. The inquiry had been pending for about two years and examined whether the platform was used to coordinate attacks against members of the judiciary.
The decision was issued by Supreme Court Justice Alexandre de Moraes following a recommendation from Brazil’s Prosecutor-General Paulo Gonet.
According to a report from Agencia Brasil, the investigation conducted by the Federal Police did not find evidence that X deliberately attempted to attack the judiciary or circumvent court orders.
Prosecutor-General Paulo Gonet concluded that the irregularities identified during the probe did not indicate fraudulent intent.
Justice Moraes accepted the prosecutor’s recommendation and ruled that the investigation should be closed. Under the ruling, the case will remain closed unless new evidence emerges.
The inquiry stemmed from concerns that content on X may have enabled online attacks against Supreme Court justices or violated rulings requiring the suspension of certain accounts under investigation.
Justice Moraes had previously taken several enforcement actions related to the platform during the broader dispute involving social media regulation in Brazil.
These included ordering a nationwide block of the platform, freezing Starlink accounts, and imposing fines on X totaling about $5.2 million. Authorities also froze financial assets linked to X and SpaceX through Starlink to collect unpaid penalties and seized roughly $3.3 million from the companies’ accounts.
Moraes also imposed daily fines of up to R$5 million, about $920,000, for alleged evasion of the X ban and established penalties of R$50,000 per day for VPN users who attempted to bypass the restriction.
Brazil remains an important market for X, with roughly 17 million users, making it one of the platform’s larger user bases globally.
The country is also a major market for Starlink, SpaceX’s satellite internet service, which has surpassed one million subscribers in Brazil.
Elon Musk
FCC chair criticizes Amazon over opposition to SpaceX satellite plan
Carr made the remarks in a post on social media platform X.
U.S. Federal Communications Commission (FCC) Chairman Brendan Carr criticized Amazon after the company opposed SpaceX’s proposal to launch a large satellite constellation that could function as an orbital data center network.
Carr made the remarks in a post on social media platform X.
Amazon recently urged the FCC to reject SpaceX’s application to deploy a constellation of up to 1 million low Earth orbit satellites that could serve as artificial intelligence data centers in space.
The company described the proposal as a “lofty ambition rather than a real plan,” arguing that SpaceX had not provided sufficient details about how the system would operate.
Carr responded by pointing to Amazon’s own satellite deployment progress.
“Amazon should focus on the fact that it will fall roughly 1,000 satellites short of meeting its upcoming deployment milestone, rather than spending their time and resources filing petitions against companies that are putting thousands of satellites in orbit,” Carr wrote on X.
Amazon has declined to comment on the statement.
Amazon has been working to deploy its Project Kuiper satellite network, which is intended to compete with SpaceX’s Starlink service. The company has invested more than $10 billion in the program and has launched more than 200 satellites since April of last year.
Amazon has also asked the FCC for a 24-month extension, until July 2028, to meet a requirement to deploy roughly 1,600 satellites by July 2026, as noted in a CNBC report.
SpaceX’s Starlink network currently has nearly 10,000 satellites in orbit and serves roughly 10 million customers. The FCC has also authorized SpaceX to deploy 7,500 additional satellites as the company continues expanding its global satellite internet network.
Energy
Tesla Energy gains UK license to sell electricity to homes and businesses
The license was granted to Tesla Energy Ventures Ltd. by UK energy regulator Ofgem after a seven-month review process.
Tesla Energy has received a license to supply electricity in the United Kingdom, opening the door for the company to serve homes and businesses in the country.
The license was granted to Tesla Energy Ventures Ltd. by UK energy regulator Ofgem after a seven-month review process.
According to Ofgem, the license took effect at 6 p.m. local time on Wednesday and applies to Great Britain.
The approval allows Tesla’s energy business to sell electricity directly to customers in the region, as noted in a Bloomberg News report.
Tesla has already expanded similar services in the United States. In Texas, the company offers electricity plans that allow Tesla owners to charge their vehicles at a lower cost while also feeding excess electricity back into the grid.
Tesla already has a sizable presence in the UK market. According to price comparison website U-switch, there are more than 250,000 Tesla electric vehicles in the country and thousands of Tesla home energy storage systems.
Ofgem also noted that Tesla Motors Ltd., a separate entity incorporated in England and Wales, received an electricity generation license in June 2020.
The new UK license arrives as Tesla continues expanding its global energy business.
Last year, Tesla Energy retained the top position in the global battery energy storage system (BESS) integrator market for the second consecutive year. According to Wood Mackenzie’s latest rankings, Tesla held about 15% of global market share in 2024.
The company also maintained a dominant position in North America, where it captured roughly 39% market share in the region.
At the same time, competition in the energy storage sector is increasing. Chinese companies such as Sungrow have been expanding their presence globally, particularly in Europe.
Brazil Supreme Court orders Elon Musk and X investigation closed
FCC chair criticizes Amazon over opposition to SpaceX satellite plan
