GM Enters Collaboration Agreement with Queensland Pacific Metals for Nickel from Australia
October 13, 2022
October 13, 2022
DETROIT, Michigan, Oct. 13 -- General Motors issued the following news release:
General Motors Co. (NYSE: GM) has secured a new source of cost-competitive nickel and cobalt for Ultium battery cells after making a strategic investment in Queensland Pacific Metals of Australia. The nickel laterite ore is expected to be processed using a new and proprietary process that helps reduce waste with no requirement of a tailings dam. As part of the agreement, GM is expected to invest up to $6 . . .
General Motors Co. (NYSE: GM) has secured a new source of cost-competitive nickel and cobalt for Ultium battery cells after making a strategic investment in Queensland Pacific Metals of Australia. The nickel laterite ore is expected to be processed using a new and proprietary process that helps reduce waste with no requirement of a tailings dam. As part of the agreement, GM is expected to invest up to $6 . . .