Stellantis Inks Battery Materials Supply Deal With Element 25; Plans To Make Equity Investment

Stellantis NV STLA has signed an agreement for Element 25 to supply battery-grade, high-purity manganese sulphate monohydrate for use in electric vehicle (EV) battery packs.
Element 25 is an ASX-listed company operating a 100%-owned Butcherbird Manganese Project in Western Australia and developing manganese sulphate monohydrate (HPMSM) products for traditional and new energy markets.
The five-year agreement calls for shipments to commence in 2026, a total volume of 45 kilotons.
The agreement also has options to extend the supply term and volumes.
Element 25 will source the material from its Butcherbird project in Western Australia and plans to construct a processing facility in the U.S.
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In addition, Stellantis will make an equity investment in Element 25.
"Our commitment to a carbon net zero future includes creation of a smart supply chain to ensure we meet our customers' desire for EVs," said Stellantis CEO Carlos Tavares.
As part of its Dare Forward 2030 strategic plan, Stellantis announced plans of reaching 100% of passenger car BEV sales mix in Europe and 50% passenger car and light-duty truck BEV sales mix in the U.S. by 2030.
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Price Action: STLA shares closed higher by 1.85% at $15.45 on Friday.
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