Vale (VALE) and GM (GM) Sign Long-Term Nickel Supply Agreement in Canada Critical to North American EV Supply Chain

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Go back to Vale (VALE) and GM (GM) Sign Long-Term Nickel Supply Agreement in Canada Critical to North American EV Supply Chain

Vale and GM Sign Long-Term Nickel Supply Agreement in Canada Critical to North American EV Supply Chain

November 17, 2022 2:00 PM EST

TORONTO and DETROIT, Nov. 17, 2022 /PRNewswire/ -- Vale Canada Limited, a subsidiary of Vale S.A., and General Motors Co. (NYSE: GM), announced today they have signed a term sheet for the long-term supply of battery grade nickel sulfate from Vale's proposed plant at Bécancour, Québec, Canada. This agreement secures for GM a supply of nickel sulfate from a U.S. free-trade partner to support its fast-growing EV production needs in North America.Under terms of the... More