News Snapshot:
London-Tesla is looking to Mozambique as an important 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 in Balama, Mozambique....
