Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Australia
  4. Australian Stock Exchange
  5. BHP Group
  6. News
  7. Summary
    BHP   AU000000BHP4

BHP GROUP

(BHP)
  Report
End-of-day quote. End-of-day quote Australian Stock Exchange - 09/23
38.38 AUD   -0.72%
03:52aAustralia shares post third weekly loss as Evergrande debt crisis weighs
RE
09/23Australia shares slip as gold, metal stocks drag
RE
09/23BHP : Operational Review for the half year ended 31 December 2020
PU
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

BHP Inks Nickel Supply Deal With Tesla

07/21/2021 | 05:55pm EDT

By Rhiannon Hoyle

SYDNEY--BHP Group Ltd. said it has signed a supply deal with Tesla Inc. for nickel, a commodity used in electric-vehicle batteries, from its Nickel West operations in western Australia.

The world's biggest miner by market value said it and Tesla have also agreed to collaborate on sustainability efforts in the battery industry supply chain, such as ways to trace raw materials from pit to product using blockchain.

BHP Chief Commercial Officer, Vandita Pant, said demand for nickel in batteries is expected to rise more than sixfold over the next decade in big part because of growing demand for electric vehicles. Batteries with a high nickel content are becoming more popular because of the metal's stability under high temperatures and its resistance to overcharging, analysts say.

The two companies will discuss opportunities to lower carbon emissions in their respective operations, as well, by using more renewable energy and battery storage, BHP said.

BHP's Nickel West operation has experienced a turn of fortune in recent times, having been slated for sale as recently as 2019. Now, nickel has become a priority for BHP because of its expectations of a boom in battery demand and widespread electrification. The company will soon begin production from one of the world's largest nickel-sulfate plants.

Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com

(END) Dow Jones Newswires

07-21-21 1955ET

Stocks mentioned in the article
ChangeLast1st jan.
BHP GROUP -0.72% 38.38 End-of-day quote.-9.55%
TESLA, INC. 0.23% 753.64 Delayed Quote.6.80%
WTI -0.05% 73.39 Delayed Quote.46.78%
All news about BHP GROUP
03:52aAustralia shares post third weekly loss as Evergrande debt crisis weighs
RE
09/23Australia shares slip as gold, metal stocks drag
RE
09/23BHP : Operational Review for the half year ended 31 December 2020
PU
09/23BHP : 2021 Annual Reporting Suite
PU
09/22Noront Resources Says Wyloo Converts US$15-Million Loan into Shares, Boosts Stake to 37..
MT
09/22FTSE 100 Closes Higher on Wednesday But BOE Meeting Looms
DJ
09/22FTSE Rises, Halma Reports Strong Progress, But Peel Hunt Retains Reduce Rating
DJ
09/22BHP : Jefferies Cuts BHP Group's PT, Retains Rating
MT
09/22BHP GROUP : Gets a Buy rating from Jefferies
MD
09/22CHINA EVERGRANDE : Copper jumps 4% as markets cheer Evergrande deal
RE
More news
Analyst Recommendations on BHP GROUP
More recommendations
Financials (USD)
Sales 2022 63 177 M - -
Net income 2022 19 820 M - -
Net Debt 2022 7 305 M - -
P/E ratio 2022 6,85x
Yield 2022 11,2%
Capitalization 138 B 137 B -
EV / Sales 2022 2,29x
EV / Sales 2023 2,63x
Nbr of Employees 40 110
Free-Float 58,2%
Chart BHP GROUP
Duration : Period :
BHP Group Technical Analysis Chart | BHP | AU000000BHP4 | MarketScreener
Technical analysis trends BHP GROUP
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 28,01 $
Average target price 33,71 $
Spread / Average Target 20,4%
EPS Revisions
Managers and Directors
Mike Henry CEO, CFO & Non-Independent Executive Director
John Kenneth Norman MacKenzie Chairman
Rag Udd CTO & VP-Technology Global Transformation
Malcolm William Broomhead Independent Non-Executive Director
Anita Margaret Frew Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
BHP GROUP-9.55%137 472
RIO TINTO PLC-11.19%108 936
ANGLO AMERICAN PLC7.20%43 872
GRUPO MÉXICO, S.A.B. DE C.V.-0.75%32 265
SAUDI ARABIAN MINING COMPANY (MA'ADEN)92.59%25 591
TECK RESOURCES LIMITED28.70%13 203