NiWest is a long-standing advanced development project by Stellantis, which is now laying a new stone. The group born from the merger between FCA and PSA has in fact signed a memorandum of understanding not binding with GME for the future purchase of large quantities of cobalt and nickel sulphate for the production of batteries for the next electric vehicles: Stellantis itself has made it known that this agreement represents the first step towards the potential long-term partnership for the future purchase from the NiWest Nickel-Cobalt Project, 100% owned by GME, of products based on these two elements.
According to initial estimates, NiWest will produce approx 90,000 tons per year of cobalt and nickel sulphate for batteries, a figure made possible also by the 30 million Australian dollars that have been invested in recent months in drilling, preliminary tests in the metallurgical sector and development studies. Stellantis also announced that one will also start in October feasibility study definitive for the project: the proposed location for the NiWest machining center is within approximately 30km of the Glencore-owned Murrin Murrin plant, Australia’s largest nickel and cobalt mining site. According to Stellantis, strengthening the value chain is a priority if you really intend to support the targets of the strategic plan Dare Forward 2030.
“Stellantis works every day to offer our customers an avant-garde, clean, safe, economically accessible freedom of movement – said Maxime Picat, Chief Purchasing and Supply Chain Officer of Stellantis – Securing new sources of raw material supply and battery supply it will strengthen the Stellantis value chain for the production of batteries for electric vehicles and, equally important, will help the company achieve the ambitious decarbonisation goal “. To his words were added those of Paul Kopejtka, CEO of GME: “Stellantis is a partner of the highest level and GME is honored to have signed this memorandum of understanding of what we hope will be a long-term partnership. We are very pleased with the progress made in our discussions and look forward to further more detailed negotiations, in parallel with the launch of the final feasibility study for the NiWest Nickel-Cobalt Project. A Definitive Agreement with Stellantis would be a fundamental step to carry on the NiWest Project up to the commercial operations “.
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