GM Signs Landmark Agreement With Australian Company for Critical Minerals

[Epoch-Times-Bot]

GM Signs Landmark Agreement With Australian Company for Critical Minerals

General Motors (GM) has signed a landmark agreement with an Australian company for the production and supply of critical minerals for batteries.
The agreement is critical to secure “all battery raw material to support GM's goal of 1 million units of EV capacity in North America by the end of 2025,” said GM in an Oct. 11 statement.
“This new collaboration builds on those commitments as we look to secure supply through the end of the decade, while also helping continue to expand the EV market,” said Jeff Morrison, GM vice president of Global Purchasing and Supply Chain.
It is conditional on the commitment of $69 million, which will grant GM the right to purchase uncommitted nickel and cobalt sulphate produced by Queensland Pacific Metals (QPM) over 15 years from its proposed Townsville Energy Chemicals Hub in Northern Australia....

Source: GM Signs Landmark Agreement With Australian Company for Critical Minerals

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