stellantis continues the path to permanently secure the raw material necessary for the batteries for electric cars. The group led by Carlos Tavares has signed up with the Australian Gme Resources un non-binding memorandum of understanding for the supply of products based on cobalt and nickel sulphate excerpts from the development project NiWest Nickel-Cobalt, in Western Australia.
Stellantis shares are at 12,32 euros, up 0,16% at the end of the morning.
With the Australian project produced 90.000 tons per year
NiWest it will produce around 90.000 tonnes of the two materials a year which will be processed at a site identified about 30 kilometers from the Murrin Murrin plant of the multinational Glencore, Australia's largest nickel and cobalt mine. To date, more than 30 million Australian dollars (19,5 million euros at current exchange rates) have been invested in preliminary drilling or testing. A definitive feasibility study will also begin shortly -probably already this month-. “A definitive agreement with Stellantis – explains the managing director of Gme, Paul Kopeitka – would be a fundamental step to carry on the NiWest Projectt up to commercial operations”.
“Securing new sources of raw material supply and battery supply will strengthen Stellantis' value chain for the production of accumulators for electric vehicles and, just as importantly, it will help the company achieve its ambitious goal of decarbonization“, adds the purchasing and supply chain manager Maxime Picat.
The agreement in line with the Dare Forward 2030 plan
The agreement, to be finalized once all the necessary authorizations have been obtained, follows the similar agreements reached with Vulcan Energy e Controlled Thermal Resources for the provision of lithium hydroxide and is consistent with the plan's objectives Give Forward 2030: achieve 100% of the sales mix by the end of the decade battery car (Bev) in Europe and 50% of passenger cars and light trucks Bev in the United States. The company's goal is to achieve zero net carbon emissions by 2038, with a 50% reduction by 2030.
"We are very pleased with the progress made by our discussions and look forward to further more detailed negotiations, in parallel with the launch of the definitive feasibility study for the NiWest Nickel-Cobalt Project," Kopejtka said.
With the Australian Vulcan Energy Resources the Stellantis group has signed a binding five-year agreement for the supply oflithium hydroxide necessary for Europe and foresees the start of shipments in 2026. Furthermore, the group led by Carlos Tavares has also signed a binding agreement with the Californian Controlled Thermal Resources (CTR) to obtain part of the lithium hydroxide extracted in the county of Imperial, a desert area on the border with Mexico, also known as Lithium Valley due to its mining potential.
Trade union negotiations are underway: 8,4% increase requested
Meanwhile, talks are underway in the field trade union for the renewal of contracts four-years for stellantis, Cnhi, Iveco Group and Ferrari.
Over 500 delegates, representing over 68.000 employees met at the Teatro Italia in Rome with the national secretariats of Fim-Cisl, Uilm, Fismic, Uglm and Aqcfr to launch the platform for requests for the renewal of the Specific Collective Labor Agreement expiring at the end of 2022.
The metalworkers' unions are asking for 293 euros of average increases per month spread over three years for employees of the 4 groups. Of these, the first tranche in 2023 equal to an average of 153 euros per month (equal to +8,4%), the others in 2024 and 2025. A request in line with the inflation rate which grew by 8,9% year on year in Italy in September.
La platform, of the requests, built in a unitary way between the unionsaims to protect the purchasing power wages and to improve other economic and regulatory aspects of the contract. “Defending wages is a priority from inflation. For this reason we expect an increase of 8,4% in 2023, equal to 153 euros on average per month, to 4,5% in 2024 equal to an increase of 89 euros on average per month, to 2,5% in 2025 equal to 51 euros” say Fim, Fiom, Uilm, Fismic, Uglm and Aqcf. “We are aware of the economic weight of the request, but if these inflation data are confirmed in the final balance, these increases will become necessary”. According to the metalworkers' unions who signed it, it is important to improve the variable bonuses and other emoluments, such as the managerial function allowance, the economic element on the continuous cycle and the increases on Saturdays.
Stellantis registrations in September +6,5% year on year
Last week, data on the registrations from which it emerges that the group stellantis, last September, recorded 35.527 registrations in Italy, up by 6,5% compared to 33.368 units in the same month of 2021. market share of the group in September 2022 stood at 32%, a slight increase from 31,7% in September a year ago. In the period January-September 2022, registrations of Stellantis in Italy were 353.360, down by 20,8% from the 446.013 units in the same period of 2021. The market share in the first 9 months of 2022 is 36,2% , down from 38,3% a year ago.
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