Stellantis signs non-binding letter of intent with GME for Future acceptance of Battery grade nickel and cobalt sulphate
- Stellantis strengthens the EV battery production value chain and supports the goals of the Dare Forward 2030 strategic plan
- The LOI represents the first step toward a potential long-term partnership for future offtake of battery-grade nickel and cobalt sulfate products from the NiWest Nickel-Cobalt Project
October 102022Amsterdam – Stellantis NV and GME Resources Limited (“GME” or “the Company”) GME today announced the signing of a non-binding letter of intent (“MOU”) for the future sale of quantities of battery grade nickel and cobalt sulphate products from the NiWest Nickel-Cobalt Project in Western Australia (“NiWest”).
NiWest is an advanced nickel-cobalt development project and will produce approximately 90,000 tpa (tonnes per year) of battery grade nickel and cobalt sulfate for the emerging electric vehicle market. To date, over A$30 million has been invested in drilling, metallurgical test work and development studies. A definitive feasibility study for NiWest is scheduled to begin this month. The proposed processing plant location for NiWest is approximately 30 kilometers from Glencore’s Murrin Murrin operation, the largest nickel-cobalt operation in Australia.
“Stellantis works every day to provide our customers with clean, safe, affordable and state-of-the-art mobility freedom,” said Maxime Picat, Stellantis Chief Purchasing and Supply Chain Officer. “Securing raw material sources and battery supply will strengthen Stellantis’ EV battery production value chain and, just as importantly, help the company meet its aggressive decarbonization goal.”
As part of the Dare forward 2030 Strategic plan, Stellantis announced plans to achieve 100% car BEV sales mix in Europe and 50% BEV car and light truck sales mix in the United States by 2030….
