Vale to supply Northvolt with low-carbon nickel products

Nickel smelter. (Photo by Marcelo Coelho – Vale)

Brazilian miner Vale SA said on Tuesday it has reached a multiannual deal to supply Sweden’s Northvolt with low-carbon nickel products for battery production, as it looks to meet fast-growing demand from the electric vehicle industry.

The deal came after more than two years of talks, Vale said in a securities filing, adding that more cooperation between the companies in multiple areas should be expected in the future. It did not provide further details.

(By Gabriel Araujo)

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