Volkswagen, Stellantis and Glencore backing ACG in $1B purchase of Brazilian nickel sulfide and copper mines
Green Car Congress
JUNE 14, 2023
The Atlantic Nickel mine at Santa Rita possesses a rare nickel sulfide resource, a key input into the class 1 nickel products used in EVs. The mine possesses an attractive life of mine average C1 cash cost in the first quartile of the global nickel cost curve (c. 20ktpa over a 12-year life of mine, at an average C1 cash cost of $1.37/lb
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