Stellantis strikes nickel sulphate supply deal with Terrafame

PARIS -- Stellantis and Terrafame have struck a deal for the Finnish company to supply the automaker with nickel sulphate over a five-year period, starting from 2025 onwards.

"This agreement is part of the key raw material sourcing to fit with our electrified vehicle battery pack needs,” Stellantis CEO Carlos Tavares said in a statement.

Stellantis wants 100 percent of its European passenger car sales and 50 percent of its U.S. passenger car and light-duty truck sales to be full-electric vehicles by 2030.

The automaker said the agreement with Terrafame "will cover a significant portion of the needs for sustainable regionally sourced nickel."

Last week, Stellantis struck a deal with Australian miner Element for the supply of manganese sulphite, the latest in a series of accords for the procurement of raw materials for electric batteries.