Carmaker Stellantis pulls plug on supply deal with Australia's Alliance Nickel

Core Viewpoint - Alliance Nickel's supply agreement with Stellantis for battery-grade nickel and cobalt from the NiWest project will be terminated effective December 3 due to missed milestones [1] Group 1: Company Impact - The termination of the supply deal may impact Alliance Nickel's revenue projections and operational plans related to the NiWest project [1] - Stellantis' decision reflects challenges in meeting project timelines, which could indicate broader issues in the supply chain for battery materials [1] Group 2: Industry Implications - The cancellation of the agreement highlights potential volatility in the battery materials market, particularly for nickel and cobalt, which are critical for electric vehicle production [1] - This event may prompt other companies in the industry to reassess their supply agreements and project timelines to avoid similar outcomes [1]