Stellantis and Alliance Nickel Ltd have recently announced the signing of a binding agreement for the supply of 170,000 tonnes of nickel sulphate and of 12,000 tonnes of cobalt sulphate for an initial period of five years.
The partnership between Stellantis and Alliance Nickel started in October 2022 with a non-binding memorandum of understanding for the supply of materials for electric vehiclesâ batteries.
The agreement reached represents around 40% of the expected yearly production of NiWest Nickel-Cobalt Project in West Australia.
Moreover, Stellantis has accepted to buy 9.2 million Euros of new Alliance Nickel shares, so obtaining a final stake of 11.5% and the right of appointing a member of Alliance Board of Directors.
âThe engagements established by Dare Forward 2030 and our leadership role in the decarbonization are based on the guaranteed supply of key materials for our electric vehiclesâ, stated Carlos Tavares, CEO of Stellantis. âThe partnership with Alliance Nickel is an essential element of our plan, aimed at providing a green, safe and accessible mobility all over the worldâ.
âThe binding agreements with Stellantis, one of the major more innovative vehicle manufacturers in the world, represent a cornerstone for the future of Alliance. They strengthen our development strategy for the NiWest Nickel-Cobalt Project, they open new important funding options and they consolidate the agreement with a customer and a prime investorâ, affirmed Paul Kopejtka, Managing Director and CEO of Alliance. âWe wish a profitable collaboration with Stellantis and we will go on carrying out our strategy, to become the reference Australian supplier of cobalt and nickel sulphate for global markets. This is really a âWe Win Togetherâ result for both partiesâ.
