“Nickel and cobalt [resources] have becoming more and more important amid robust demand following strong sales of new energy vehicles (NEVs) globally… and the deal will help us secure a sufficient supply of raw materials to meet growing demand,” the company said in a filing to the Shenzhen Stock Exchange on Thursday February 4.
The supply contract specifies eight-year totals for battery-grade nickel raw materials between 43,200 tonnes and 149,040 tonnes and cobalt by-products between...
