Ford said it also has agreed with CATL to explore using the Chinese company's batteries in Ford vehicles sold in the United States, Europe and China.

The company's plan to turn around its copper and nickel-mining unit is taking longer than expected.

Canada Nickel is currently advancing its Crawford project in Ontario, which is said to contain the fifth-largest nickel sulphide resource globally.

The company has been reporting on the safety, environmental, social and economic issues in a comprehensive, standalone document since 2010.

The new company, known as NewRange Copper Nickel LLC, will share costs to develop two proposed copper and nickel mines.

Early indications are that Idaho offers multiple encouraging deposits with opportunities to supply the North American EV supply chain.

Tesla alone will need more than 3 terabyte hours of lithium-ion batteries by 2030, compared to the industry’s current global capacity of about 1 terabyte.

Nickel miner reported 12,567 tonnes of nickel matte output for the April-June period, down 16.5% from the same period last year.