American company Tesla has concluded another supply contract for nickel. Tesla has agreed to purchase around 42,000 tonnes of nickel from New Caledonia as part of a multi-year contract with the commodities company Prony Resources.

Prony Resources is 51 per cent owned by provincial authorities in New Caledonia, a group of islands in the southern Pacific Ocean east of Australia that belongs to France. Prony Resources had taken over the loss-making nickel mine in New Caledonia from the Brazilian mining group Vale only this spring.