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Pure Minerals inks non-binding deal with LG Chem for supply of nickel, cobalt

Large  Small Date:2020-10-19  From:auto.economictimes
Note: Australia's Pure Minerals said on Thursday it signed a non-binding offtake agreement with South Korean battery supplier LG Chem Ltd for the supply of nickel and cobalt.
Australia's Pure Minerals said on Thursday it signed a non-binding offtake agreement with South Korean battery supplier LG Chem Ltd for the supply of nickel and cobalt.

LG Chem, which counts Tesla Inc and Hyundai Motor Co as customers, will look to buy 10,000 tonnes of nickel and 1,000 tonnes of cobalt from the company's Townsville Energy Chemicals Hub (TECH) in Queensland state.

Nickel and cobalt are among key minerals used to make batteries for electric vehicles.
 
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