By Shane Lasley
Metal Tech News
GM secures future EV battery metals
Investing in future Australian supplier of nickel and cobalt Metal Tech News – October 12, 2022
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Last updated 10/18/2022 at 2:24pm
General Motors
To secure future supplies of the nickel and cobalt needed for the Ultium batteries going into Chevrolet Silverado pickups and other EVs, General Motor's has made a strategic investment in Australia-based Queensland Pacific Metals.
In another example of global automakers heading to the very front end of global supply chains to source the materials they need to transition to electric mobility, General Motors is making up to a US$69 million strategic investment into Queensland Pacific Metals, an Australian company that is developing a refinery that will produce the nickel and cobalt needed for EV batteries.
"The collaborati...
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