General Motors Makes LandMark Agreement With Australian Critical Minerals CompanyGeneral Motors (GM) has signed a landmark agreement with an Australian company for the production and supply of critical minerals for batteries.
The agreement, which is conditional on the commitment of A$106 million (US$69 million), 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.
According to GM, the nickel and cobalt will help power a broad portfolio of trucks, SUVs, vans, and luxury vehicles from the car manufacturer, including the Chevrolet Silverado EV, GMC HUMMER EV Pickup and SUV, Cadillac LYRIQ, Chevrolet Blazer EV, and Chevrolet Equinox EV....
Source: General Motors Makes LandMark Agreement With Australian Critical Minerals Company (https://www.theepochtimes.com/general-motors-makes-landmark-agreement-with-australian-critical-minerals-company_4795806.html)