Automaker Stellantis inks nickel and cobalt offtake agreement with Alliance Nickel

- Automaker Stellantis today announced the signing of a binding offtake agreement with Alliance Nickel for the supply of 170,000 tons of nickel sulphate and 12,000 tons of cobalt sulphate in total over an initial five-year period.

In addition, Stellantis agreed to purchase €9.2 million in new equity in Alliance Nickel, giving it an 11.5% shareholding on completion and rights to nominate one director to the Alliance board. According to a press release, funds from the equity purchase will be applied to the completion of the NiWest project definitive feasibility study and engineering design works, expected in the last quarter of 2023.

Stellantis aims to slash CO2 in half by 2030, benchmarking 2021 metrics, and achieve carbon net zero by 2038 with single digit percentage compensation of the remaining emissions.

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