Stellantis Inks Battery Materials Supply Deal With Element 25; Plans To Make Equity Investment

  • Stellantis NV STLA has signed an agreement for Element 25 to supply battery-grade, high-purity manganese sulphate monohydrate for use in electric vehicle (EV) battery packs.
  • Element 25 is an ASX-listed company operating a 100%-owned Butcherbird Manganese Project in Western Australia and developing manganese sulphate monohydrate (HPMSM) products for traditional and new energy markets.
  • The five-year agreement calls for shipments to commence in 2026, a total volume of 45 kilotons.
  • The agreement also has options to extend the supply term and volumes.
  • Element 25 will source the material from its Butcherbird project in Western Australia and plans to construct a processing facility in the U.S.
  • Also Read: Stellantis CEO Warns Of More Plant Closures
  • In addition, Stellantis will make an equity investment in Element 25.
  • "Our commitment to a carbon net zero future includes creation of a smart supply chain to ensure we meet our customers' desire for EVs," said Stellantis CEO Carlos Tavares.
  • As part of its Dare Forward 2030 strategic plan, Stellantis announced plans of reaching 100% of passenger car BEV sales mix in Europe and 50% passenger car and light-duty truck BEV sales mix in the U.S. by 2030.
  • Also ReadStellantis Establishes New 'Mobilisights' Independent Business Unit
  • Price Action: STLA shares closed higher by 1.85% at $15.45 on Friday.
  • Photo Via Company
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