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Volkswagen, Stellantis and Glencore backing ACG in $1B purchase of Brazilian nickel sulfide and copper mines

Green Car Congress

Volkswagen, Stellantis and Glencore are supporting the purchase of the Atlantic Nickel nickel sulfide and the Mineraçao Vale Verde copper mine in Brazil by ACG , a London-listed special purpose acquisition company (SPAC), for US$ 1 billion. Atlantic Nickel The resulting company will be named ACG Electric Metals.

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Core Lithium and Tesla enter into binding term sheet for the supply of lithium

Green Car Congress

This deal follows Core Lithium’s Board making a Final Investment Decision to commence development of the company’s wholly owned Finniss Project , located near Darwin in the Northern Territory (NT). In early 2021, Yahua also signed a deal to supply battery-grade lithium hydroxide to US EV manufacturer Tesla over the next five years.

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