Tanzanian firm signs mining supply deal with Elon Musk’s Tesla

Published by
The Citizen

Dar es Salaam. Tesla, the American multinational automotive, artificial intelligence and clean energy company, has signed an agreement under which it will purchase Anode Active Material (AAM) from Tanzania. An AAM is the active material in negative electrodes. This comes after Tesla signed a deal with a vertically integrated lithium-ion battery company, Magnis Energy Technologies Limited, and its Tanzanian subsidiaries Uranex Tanzania Limited (Uranex) and Magnis Technologies Tanzania Limited (MTT). Magnis Energy Technologies Limited, which is listed on the Australian Securities Exchange, owns …

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