The Australian battery materials company EV Metals Group has secured 127 hectares of land in Saudi Arabia to build a battery chemicals processing complex. Production of lithium hydroxide at the plant located in Yanbu Industrial City is scheduled to start in 2026.
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General Motors is looking to secure a new source of low-cost nickel and cobalt for its Ultium battery cells with a strategic investment in Australian battery materials supplier Queensland Pacific Metals.
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Stellantis has signed a non-binding agreement with GME Resources for the purchase of nickel and cobalt sulphate products from the NiWest project in Western Australia. The NiWest project is not yet in operation and a final decision has yet to be made.
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The commodities group BHP and the Toyota-Panasonic joint venture Prime Planet Energy & Solutions have agreed on a memorandum of understanding on the supply of nickel. The material is to come from BHP’s new production facility in Western Australia.
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LG Energy Solution has concluded a binding long-term purchase agreement with Australian Mines for nickel and cobalt. The battery manufacturer thus secures access to 71,000 tonnes of nickel and 7,000 tonnes of cobalt for six years from the end of 2024.
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Tesla has selected raw materials company BHP to supply nickel from Western Australia. And: Tesla has sold the ultracapacitor business of Maxwell Technologies, which it acquired in 2019, to UCAP Power.
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