GM invests in Queensland Pacific Metals; nickel and cobalt from Australia


Common Motors has secured a brand new supply of cost-competitive nickel and cobalt for Ultium battery cells after making a strategic funding in Queensland Pacific Metals (QPM) of Australia (earlier submit). The nickel laterite ore is predicted to be processed utilizing a brand new and proprietary course of that helps cut back waste with no requirement of a tailings dam. As a part of the settlement, GM is predicted to take a position as much as $69 million in Queensland Pacific Metals for the event of its proposed Townsville Vitality Chemical substances Hub (TECH) Venture in Northern Australia.

The nickel and cobalt from Queensland Pacific Metals will assist energy a broad portfolio of vans, SUVs, vans and luxurious autos from GM, together with the Chevrolet Silverado EV, GMC HUMMER EV Pickup and SUV, Cadillac LYRIQ, Chevrolet Blazer EV and Chevrolet Equinox EV.

The collaboration with Queensland Pacific Metals will present GM with a safe, cost-competitive and long-term provide of nickel and cobalt from a free-trade settlement accomplice to assist help our fast-growing EV manufacturing wants. Importantly, the settlement demonstrates our dedication to constructing robust provider relationships and is aligned with our method to accountable sourcing and provide chain administration.

—Jeff Morrison, GM vp, World Buying and Provide Chain

Queensland Pacific Metals’ proposed TECH Venture is poised to develop into a number one provider of high-grade, superior battery supplies. The sustainable, high-purity battery supplies refinery is being developed in response to the rising demand for battery supplies for electrical autos, notably nickel and cobalt.

Excessive-grade nickel laterite ore might be imported from close by New Caledonia for processing on the TECH facility utilizing a patented refining and recycling course of referred to as the DNi Course of, which, in keeping with Queensland Pacific Metals, makes use of environmentally-conscious strategies for extracting nickel, cobalt and different valuable metals from the laterite.

Queensland Pacific Metals has obtained the rights to make use of the DNi Course of from Altilium Group. Key options of the DNi Course of embody greater than 98% nitric acid recycling, no tailings dam necessities and fewer waste than conventional extraction processes.

The TECH Venture is predicted to start development in 2023.


GM already has binding agreements securing all battery uncooked materials supporting our aim of 1 million items of annual capability in North America by the tip of 2025. This new collaboration builds on these commitments as we glance to safe provide via the tip of the last decade, whereas additionally serving to proceed to broaden the EV market.

—Jeff Morrison


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