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. lb nickel for open pit; c. lb nickel for underground).
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