Having recently announced a North American lithium hydroxide supply agreement Stellantis returns to the assault and enters again with force in the sector of the supply chain of fundamental components for the production of batteriesthe heart of electric cars.
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Stellantis and the Australian startup Vulcan Energy Resources have in fact signed a further collaboration agreement extending theoriginal binding supply agreement.
Stellantis’ equity investment in Vulcan is € 50 million and it is a strategic maneuver that serves to increase the rate of drilling at Upper Rhine Valley Brine Field for the production expansion envisaged by Vulcan. A very modern way of extract lithium in a sustainable way. It is no coincidence that Vulcan itself is already producing geothermal energy at its site and, as part of the Zero Carbon Lithium project, plans to produce lithium hydroxide without fossil fuels and with a net carbon footprint of zero.
The agreement
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The ultimate goal is clear: create a resilient and sustainable value chain for the production of batteries for electric vehicles. In fact, if it is clear that the raw materials for the accumulators will never run out, it is then all to verify – in a green key – the way in which these raw materials will be extracted. At present there is in fact enough lithium for producing batteries for hundreds of millions of electric cars, many more than will ever be produced. But a lot of work will have to be done on how this raw material is extracted. And here is the meaning of the Stellantis agreement and the Australian startup Vulcan Energy Resources.
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It should not be forgotten that the battery technology evolves continuously and therefore that the percentage of cobalt needed to make them steadily drops and will drop up to 6% in the medium term. In the long run, then, the batteries will be recycled up to 97%. And therefore the so-called rare resources are used less and less.
In any case, this historic agreement continues to make sense of the strategic plan Dare Forward 2030which Stellantis has announced as its ultimate goal to cover 100% of the sales mix of battery electric cars (Bevs) in Europe and 50% of Bev cars and light commercial vehicles in the United States by 2030.