Auto giant Stellantis & GME Resources have signed a non-binding Memorandum of Understanding for the future sale of quantities of battery grade nickel and cobalt sulphate products from the NiWest Nickel-Cobalt Project in Western Australia. The closing of the non-binding MOU is subject to customary closing conditions, including regulatory approvals. NiWest is an advanced nickel-cobalt development project and will produce approximately 90,000 tonnes per annum of battery grade nickel and cobalt sulphate for the burgeoning electric vehicle market. To date, more than AUD 30 million has been invested into drilling, metallurgical test work and development studies. A Definitive Feasibility Study for NiWest is due to commence this month. The proposed location of the processing facility for NiWest is within approximately 30 kilometers of Glencore-owned Murrin Murrin operation, the largest nickel-cobalt operation in Australia. As part of the Dare Forward 2030 strategic plan, Stellantis announced plans of reaching 100% of passenger car battery electric vehicle (BEV) sales mix in Europe and 50% passenger car and light-duty truck BEV sales mix in the United States by 2030. Stellantis will be the industry champion in climate change mitigation, becoming carbon net zero by 2038, with a 50% reduction by 2030. Stellantis strengthened its supply of low-carbon lithium hydroxide earlier this year, signing agreements with Vulcan Energy and Controlled Thermal Resources for Europe and North America, respectively.
Auto giant Stellantis & GME Resources have signed a non-binding Memorandum of Understanding for the future sale of quantities of battery grade nickel and cobalt sulphate products from the NiWest Nickel-Cobalt Project in Western Australia. The closing of the non-binding MOU is subject to customary closing conditions, including regulatory approvals. NiWest is an advanced nickel-cobalt development project and will produce approximately 90,000 tonnes per annum of battery grade nickel and cobalt sulphate for the burgeoning electric vehicle market. To date, more than AUD 30 million has been invested into drilling, metallurgical test work and development studies. A Definitive Feasibility Study for NiWest is due to commence this month. The proposed location of the processing facility for NiWest is within approximately 30 kilometers of Glencore-owned Murrin Murrin operation, the largest nickel-cobalt operation in Australia. As part of the Dare Forward 2030 strategic plan, Stellantis announced plans of reaching 100% of passenger car battery electric vehicle (BEV) sales mix in Europe and 50% passenger car and light-duty truck BEV sales mix in the United States by 2030. Stellantis will be the industry champion in climate change mitigation, becoming carbon net zero by 2038, with a 50% reduction by 2030. Stellantis strengthened its supply of low-carbon lithium hydroxide earlier this year, signing agreements with Vulcan Energy and Controlled Thermal Resources for Europe and North America, respectively.
