GM Enters Collaboration Agreement with Queensland Pacific Metals for Nickel from Australia

As part of the agreement, GM is expected to invest up to $69 million in Queensland Pacific Metals for the development of its proposed Townsville Energy Chemicals Hub (TECH) Project in Northern Australia. "The collaboration with Queensland Pacific Metals will provide GM with a secure, cost-competitive and long-term supply of nickel and cobalt from a free-trade agreement partner to help support our fast-growing EV production needs," said Jeff Morrison, GM vice president, Global Purchasing and Supply Chain. “We are absolutely delighted to collaborate with General Motors,” said Stephen Grocott, CEO, Queensland Pacific Metals. “GM’s strategic direction, company values and focus on sustainability in its pursuit of making electric vehicles for all is a perfect fit for Queensland Pacific Metals and our TECH Project. Queensland Pacific Metals has obtained the rights to use the DNi Process™ from Altilium Group.