Carmaker Stellantis strikes nickel sulphate supply deal with Terrafame (updated)

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18/01/2023 07:57

(Adds CEO comment, background)
       PARIS, Jan 18 (Reuters) - Carmaker Stellantis  STLA.MI 
and Finnish company Terrafame announced on Wednesday that they
had struck a deal whereby Terrafame will supply Stellantis with
nickel sulphate over a five-year period, starting from 2025
onwards.
    "This agreement is part of the key raw material sourcing to
fit with our electrified vehicle battery pack needs,” Stellantis
Chief Executive Carlos Tavares said in a statement. 
    Stellantis, the world's third-largest automotive group by
sales, including brands Peugeot, Fiat, Chrysler and Jeep, wants
100% of its European passenger car sales and 50% of its U.S.
passenger car and light-duty truck sales to be battery electric
vehicles by 2030.
    The carmaker said the agreement with Terrafame "will
cover a significant portion of the needs for sustainable
regionally sourced nickel."    
   Last week, Stellantis struck a deal with Australian miner
Element 25  E25.AX  for the supply of manganese sulphite, the
latest in a series of accords for the procurement of raw
materials for electric batteries.
 (Reporting by Sudip Kar-Gupta and Alvise Armellini, Editing by
Louise Heavens)
 ((sudip.kargupta@thomsonreuters.com;))