Stellantis Invests in Alliance Nickel for Battery Grade Nickel and Cobalt Sulphate

Stellantis has agreed to purchase €9.2 million (AUD15 million) in new equity in Alliance Nickel, an Australia-based nickel and critical minerals development company, giving it an 11.5% shareholding. The deal involves the supply of 170,000 tons of nickel sulphate and 12,000 tons of cobalt sulphate in total over an initial five-year period.

This represents approximately 40% of forecast annual production of the NiWest Nickel-Cobalt Project in Western Australia.

Nickel and cobalt sulphate are vital for battery manufacturers and automakers in the electric vehicle (EV) sector.

In addition to Alliance Nickel, Stellantis is assembling a roster of key partnerships to ensure a stable supply of key materials for its electrified future. 

As part of the Dare Forward 2030 strategic plan, Stellantis plans to reach 100% of the passenger car battery electric vehicle (BEV) sales mix in Europe and 50% of passenger car and light-duty truck BEV sales mix in the US by 2030. 

Stellantis CEO, Carlos Tavares, says: “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.”

“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,” adds 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. This is truly a ‘We Win Together’ outcome for both companies.”

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