European car giant Stellantis has found another ASX-listed battery metals play it likes.
Car giant Stellantis is set to tip $US30 million into ASX-listed battery materials manufacturer Element 25.Stellantis was expected to split the $US30 million in Element 25’s high purity manganese sulphate monohydrate processing facility across two tranches.
The auto giant has also signed an offtake agreement under which Element 25 would supply it up to 10,000 tons a year of battery-grade manganese sulphate monohydrate for five years, sources said. Stellantis is best known for making Fiats and Maseratis and expected to record €175 billion revenue this year.
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