Vale and GM Sign Long-Term Nickel Supply Agreement in Canada Critical to North American EV Supply Chain

Vale and GM Sign Long-Term Nickel Supply Agreement in Canada Critical to North American EV Supply ChainBackTORONTO and DETROIT – Vale Canada Limited, a subsidiary of Vale S.A., and General Motors Co. (NYSE: GM), announced today they have signed a term sheet for the long-term supply of battery grade nickel sulfate from Vale’s proposed plant at Bécancour, Québec, Canada. This agreement secures for GM a supply of nickel sulfate from a U.S. free-trade partner to support its fast-growing EV production needs in North America. Nickel sulfate is the chemical compound used in the production of pre-cathode active materials for nickel-based lithium-ion batteries. Vale and GM have also agreed to study collaborative ways to partner on advanced technology development and commercialization pathways to harvest recycled metals. “This announcement between Vale and GM builds on Canada’s world-leading EV battery industry,” said the Honorable François-Philippe Champagne, Canada’s Minister of Innovation, Science and Industry.