Stellantis & Alliance signed binding offtake for battery grade
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.
– Offtake agreement for approximately 40% of forecast annual production for an initial term of five year
– Stellantis purchases €9.2 million (AUD 15 million) in new equity in Alliance Nickel, giving it an 11.5% shareholding
CEO also said stellantis plan to slash CO2 in half by 2030 & achieve carbon net zero by 2038.