General Motors has signed an agreement with an Australian mining company, Element 25, for the supply of manganese sulphate required to push North American electric vehicle (EV) production above 1 million units annually.
Element 25’s ASX shares jumped over 20 per cent after the announcement of the partnership.
The agreement involves a US$85 million (AU$127 million) loan from GM to help Element 25 build a manganese sulphate production facility in Louisiana.
Element 25’s…
Comments are closed