RE:VALE to partner with GM in Quebec Thanks Atachetatuque
@Atachetatuque News on the battery industry in Quebec
Just appeared in "La Presse" to complement Rustynut's post
https://www.lapresse.ca/affaires/entreprises/2022-11-17/entente-avec-general-motors/le-geant-vale-s-apprete-a-debarquer-au-quebec.phpAGREEMENT WITH GENERAL MOTORS
The giant Vale is about to land in Quebec
Vale wants to produce nickel sulphate – a key component of electric vehicle batteries – in Bcancour.
There is still a missing link in the Quebec battery industry, but that does not prevent the ecosystem from solidifying elsewhere. Vale takes an important step towards the construction of a nickel sulphate plant – a key component of batteries found in electric vehicles – in Bcancour thanks to an agreement with General Motors (GM).
The terms of the agreement announced Thursday were not disclosed, but the Brazilian giant will supply the American manufacturer to enable it to supply 350,000 electric vehicles annually such as Chevrolet Silverado EV, Blazer EV and Equinox EV.
“It is not so much the project itself in its finality that is interesting, but its integration, underlines the Minister of Economy, Innovation and Energy, Pierre Fitzgibbon, in a telephone interview. We are in graphite and lithium […] the nickel sulphate was missing. »
If all goes as planned, deliveries should begin in the second half of 2026. At the Rio de Janeiro-based company on Thursday, no one was available for interviews. Vale has not yet confirmed the construction of its factory – a project which could reach 200 million according to our information – in good and due form. GM's commitment confirms the solidity of the project.
The Minister of Economy, Innovation and Energy, Pierre Fitzgibbon
Quebec and Ottawa are discussing the potential financial contribution of the two levels of government with the Brazilian multinational, confirms Mr. Fitzgibbon. In November 2021, La Presse had revealed the interest of Vale, which was seeking government financial support in its efforts. "We work closely with them," said Minister Fitzgibbon. I can't say it's absolute comfort level yet, but they know what we're up for. »
An important piece
Nickel sulphate is used in the composition of cathodes, the main element of a lithium-ion battery. Bcancour is to host two manufacturing plants: that of BASF and the other resulting from the alliance between POSCO and GM. According to our information, Ford is evaluating a "serious project", according to our information. This explains Vale's interest.
The mining giant would pilot the first North American project to produce nickel sulphate.
"It's a natural extension of our business," said Deshnee Naidoo, vice president at Vale Base Metals.
The agreement between Vale and GM comes at a time when the news has been less good for the Quebec battery industry. For different reasons, Britishvolt and StromVolt, which had been dangling cell factory projects since last year – the last step before battery assembly – have put their ambitions on ice.
Asked to comment on the turn of events, Mr. Fitzgibbon replied that it was still possible, in his opinion, to attract a cellier.
“We built the supply chain the right way,” he says. I prefer having a solid foundation in the cathodes and anodes rather than having a single piece of chain. Ultimately, a cellphone is doable. »
The ore processed in Vale's planned Bcancour plant could come from its Voisey's Bay mine in Newfoundland and Labrador. However, the company does not want to advance on this possibility. In Canada, it is also present in Ontario and Manitoba.
Vale is also among Tesla's suppliers.
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• 3In addition to its agreement with Vale, GM has established partnerships with POSCO and Recyclage Lithion in Quebec.
ScienceFirst wrote: Just announced:
Vale to supply GM in Quebec with nickel for EVs, starting in 2026