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GM, Vale sign long-term nickel supply deal for EVs

Vale Canada Limited and General Motors have signed a term sheet for the long-term supply of battery grade nickel sulfate from Vale’s proposed plant at Bécancour, Québec, Canada. This agreement secures for GM a supply of nickel sulfate from a U.S. free-trade partner to support its fast-growing EV production needs in North America.

Under terms of the agreement, Vale will supply battery grade nickel sulfate, equivalent to 25,000 metric tons per year of contained nickel, for use in GM’s Ultium battery cathodes, which will power a broad portfolio of electric vehicles including the Chevrolet Silverado EV, Blazer EV and Equinox EV, the Cadillac LYRIQ, the GMC Sierra EV, and the GMC HUMMER EV Pickup and SUV. The amount of contained nickel is sufficient to supply approximately 350,000 EVs annually. Deliveries are targeted to commence in the second half of 2026.

This initiative highlights Vale’s uniquely strategic position to be the supplier of choice to the EV industry, leveraging its low-carbon footprint and market-leading position as North America’s largest producer of finished nickel. Nickel sulfate is the chemical compound used in the production of pre-cathode active materials for nickel-based lithium-ion batteries.

“This is a momentous agreement for Vale Base Metals that brings a key partner in GM into this first-of-its-kind facility for Canada and North America,” said Vale Executive Vice President of Base Metals, Deshnee Naidoo. “The proposed nickel sulfate project would utilize high purity, low-carbon nickel from our Canadian refineries and is a natural extension for the business, offering diversified sales and a fast entry and anchor point into the North American electric vehicle market. We look forward to continuing engagements with the governments of Canada and Quebec on this strategic critical mineral project.”

Vale and GM have also agreed to study collaborative ways to partner on advanced technology development and commercialization pathways to harvest recycled metals.

In a related news, GM announced plans to invest $45 million at its Bedford, Indiana aluminum die casting foundry. This investment will be used to expand the facility’s production capacity of EV drive unit castings to support the anticipated strong demand for the Chevrolet Silverado EV and GMC Sierra EV full-size pickups. The capacity expansion work at the facility will begin immediately.

In December 2021, GM announced a more than $51 million investment at Bedford to install new, state-of-the-art equipment. That equipment supports drive unit castings production for the Chevrolet Silverado EV and various other casting applications.

Last year, the 1 million-square-foot site began producing electric drive unit castings that have been used in the 2022 GMC HUMMER EV Pickup.

Nov 20, 2022Blagojce Krivevski
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Blagojce Krivevski

Blagojce Krivevski is physicist and green technology lover. Keep in touch with Blagojce through his email, web site, Twitter, Linkedin, Facebook and Google+.

November 20, 2022 Electric Car Newsgeneral motors, GM, Vale
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