Afternoon Coffee: Tesla Doubles Mineral Suppliers, Microsoft Preparing to Acquire GitHub

marioav/Adobe Stock

Boosting production for its Model 3 sedan has forced Tesla to double its supply base for mineral suppliers, Supply Chain Dive reports. That information comes from the electric car manufacturer’s latest conflict minerals report, in which Tesla also acknowledged that it has not yet been able to fully identify the countries of origin for the 3TG metals — tungsten, tantalum, tin and gold — used in its vehicles.

GitHub Acquisition

Several sources are reporting that Microsoft is preparing to acquire GitHub, in a deal likely worth more than $5 billion, Quartz reports. Taking in the popular code repository — which Quartz likens to “Google Docs for developers” — signals a shift in Microsoft’s businesses strategy away from software license fees to one that could more fully embrace open source software.

Copper Prices

Planned labor talks at the world’s largest copper mine have caused prices for copper to rise as supply concerns mount, MarketWatch reports. A 44-day strike at the BHP Billiton mine in Chile last year halted production and pushed copper prices higher. Copper was up 0.39% Friday at $6,854.50 a metric ton.

Manufacturing Activity 

And finally, an economic update: Factory activity accelerated in May after a two-month slowdown, the Wall Street Journal reports. The Institute for Supply Management’s manufacturing index rose to 58.7 in May from 57.3 in April.

Share on Procurious

Discuss this:

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.