News Snapshot:
London (AP) — Tesla is looking to Mozambique as a key component of electric vehicle batteries. Analysts believe it is the first deal designed to reduce graphite’s dependence on China. Elon Musk’s company signed a contract last month with Syrah Resources of Australia, which operates one of the world’s largest graphite mines in South Africa. This is a unique partnership between electric vehicle manufacturers and producers of minerals that are important to lithium-ion batteries. The value of the transaction has not been disclosed. Tesla purchases materials from its processing plant in Videlia, Louisiana. The factory procures graphite from a mine...
