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A crucial raw material for the production of cathode materials used in electric vehicle batteries is high-quality low carbon nickel sulphate material.
This agreement for locally produced nickel sulfate enables the industry to meet the growing demand for cathode materials from its customers in the region against the backdrop of an accelerating transition to electromobility in Europe.
This will cover a significant portion of Umicore’s cathode materials plant in Poland’s future nickel requirements. The very first gigafactory for cathode materials in Europe, this facility is fully powered by renewable electricity and began production.
The high-quality European-sourced battery materials will be protected by the European value chain in accordance with the leading global sustainability principles and the environmental and human rights principles.
In addition, the goal of decarbonizing the battery materials value chain placed a high priority on the low carbon footprint of the processes.
The Global low-carbon nickel sulfate market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.
Stellantis N.V. and Terrafame Ltd. made the announcement that they had signed a supply agreement for nickel sulfate, which will be used in the batteries of electric vehicles (EVs). Over the course of the agreement’s five years, Finland-based Terrafame will supply Stellantis with nickel sulfate.
Stellantis’ aggressive electrification strategy includes the Terrafame agreement, which will cover a significant portion of the requirements for sustainable regionally sourced nickel.
Stellantis announced in its Dare Forward strategic plan that by 2030, it aims to have passenger cars and light-duty trucks account for 50% of the passenger car and BEV sales mix in the United States and 100% in Europe.
Stellantis intends to invest more than €30 billion in electrification and software development through 2025 in order to provide its customers with clean, safe, and affordable mobility. It also intends to be 30% more efficient than the industry in terms of total Capex and R&D spend compared to revenues.
In Finland, Terrafame manages one of the largest battery chemicals plants in the world for EV batteries. Terrafame’s production is fully traceable thanks to an integrated process that begins in its own mine and ends with battery chemicals on a single industrial site.
In addition, Terrafame’s nickel sulfate has one of the lowest carbon footprints in the industry thanks to its distinctive manufacturing process.
