12
Oct
12:46
General Motors to invest $69m in Australia nickel-cobalt processing project
US automaker General Motors says it is investing up to $69 million in an Australian mining company and signing a long-term offtake agreement to secure a new source of nickel and cobalt for its Ultium battery cells, Kallanish reports.
The Michigan-based auto company will acquire an equity stake in Queensland Pacific Metals, which is developing its proposed Townsville Energy Chemicals Hub (TECH) in Queensland in northern Australia.
“The collaboration with Qu…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous