Battery news . . .
Tesla signed an agreement last month with Australia's Syrah Resources, which operates one of the world’s largest graphite mines in the southern African country. The value of the deal hasn't been released.
Tesla will buy the material from the company's processing plant in Vidalia, Louisiana, which sources graphite from its mine in Balama, Mozambique. .. up 80% of what the plant produces — 8,000 tons of graphite per year — starting in 2025, according to the agreement.
Tesla is turning to Mozambique for a key component in its electric car batteries in what analysts believe is a first-of-its-kind deal designed to reduce its dependence on China for graphite. Elon Musk's company signed an agreement last month with Australia's Syrah Resources, which operates one...
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