General Motors and Element 25 Limited (ASX: E25) have signed an agreement to expand the U.S. electric vehicle (EV) supply chain by producing battery-grade high-purity manganese sulfate (HPMSM) domestically. Element 25 will supply GM with up to 32,500 metric tons of manganese sulfate annually, supporting GM's production of over 1 million EVs in North America.
GM will provide an $85 million loan to Element 25 to build a facility in Louisiana, USA, where the company will process manganese concentrate from its mining operations in Western Australia. The investment is part of GM's strategy to secure a reliable supply of battery raw materials and components, creating jobs and strengthening the domestic supply chain for EV production. Element 25 aims to become a leading provider of high-quality, sustainable battery materials for the global EV industry.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.