Today, Stellantis and Alliance Nickel signed a binding offtake for the supply of 170,000 tons of nickel sulphate & 12,000 tons for 5 years period announced today.
Highlights
- Offtake agreement for approximately 40% of forecast annual production for an initial term of five years
- Stellantis purchases €9.2 million (AUD 15 million) in new equity in Alliance Nickel, giving it an 11.5% shareholding
Stellantis also said it will purchase 9.2 Million euros in new equity in Alliance nickel, giving it an 11.5 percentage of shareholding on completion & right to nominate one director to the Alliance board.
Stellantis CEO Carlos Tavares also said,“The commitments of Dare Forward 2030 and our industry-leading decarbonization drive are built on the foundation of a guaranteed supply of key materials for our battery electric vehicles,”
“The partnership with Alliance Nickel is an important element of our plan to provide clean, safe, and affordable mobility for people throughout the world.”
Also read: Mercedes and Stellantis to build a third-party EV Battery factory in Italy: Deal worth $8.2billion
stellantis Ceo also said in concern of the 2030 strategic plan, by 2030 stellantis will reach 100% BEV vehicles sale mix in Europe & around 50% of passenger car & light-duty truck Battery electric vehicles sale mix in the U.S.
CEO also said stellantis plan to slash CO2 in half by 2030 & achieve carbon net zero by 2038.
Stellantis is assembling a roster of key partnerships to ensure a stable supply of key materials for its electrified future. In addition to Alliance Nickel, Stellantis has partnerships with McEwen Copper, Terrafame, Vulcan Energy, Element 25 and Controlled Thermal Resources.
“The binding agreements with Stellantis, one of the world’s leading and most forward-thinking vehicle manufacturers, are transformative for the future of Alliance. It validates our development strategy for the NiWest Nickel-Cobalt Project and opens critical new funding options by securing a premier Tier 1 cornerstone customer and investor,” said Paul Kopejtka, Alliance Managing Director and CEO.
“We look forward to a long partnership with Stellantis as we continue to execute our strategy to become the next Australian supplier to the global markets of premium battery-grade nickel and cobalt sulphate.”