GM, Vale Clinch Canada Nickel Supply Deal for EV Batteries

November 23, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--General Motors Company (NYSE:GM) (GM) (Detroit, Michigan) and a Canadian subsidiary of Brazilian mining giant Vale (NYSE:VALE) (Rio de Janeiro) have reached an agreement for the long-term supply of battery-grade nickel sulfate from Vale's planned plant at Becancour, Quebec, to support GM's production of electric vehicles (EVs) in North America, the companies said last week. Also featured: Ford Motor Company (NYSE:F)