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deal","stellantis-secures-battery-grade-manganese-chemicals-in-first-of-its-kind-offtake-deal-1","article/stellantis-secures-battery-grade-manganese-chemicals-in-first-of-its-kind-offtake-deal-1",{"_uid":547,"date":548,"tags":549,"editor":556,"content":566,"excerpt":718,"featured":51,"reporter":719,"_editable":723,"component":724,"seo_title":543,"categories":725,"visibility":732,"author_company":49,"featured_image":733,"seo_description":718,"author_full_name":49,"author_job_title":49,"formattedDate":737,"formattedArticleDate":738},"ef0ace24-a495-4f39-8643-e3f70417ccb2","2023-01-10 00:00",[550,553],{"slug":551,"name":552},"element-25","Element 25",{"slug":554,"name":555},"stellantis","Stellantis",[557],{"slug":558,"name":559,"content":560},"matthew-bird","Matthew Bird",{"job_title":561,"image":562,"bio":564,"linkedin":565},"Senior Editor - Supply Chains & Data Visualisation",{"filename":563},"https://a.storyblok.com/f/287943243085208/512x512/14738033ec/matthew-bird.jpeg","Matthew writes, edits and produces content for Benchmark Intelligence and Benchmark Source across the whole mine to grid supply chain. He also acts as a liaison to the press. He has a PhD in electrochemistry from the University of Nottingham.","https://www.linkedin.com/in/birdmatthew/",{"type":567,"content":568},"doc",[569,576,581,596,601,608,629,650,655,664,669,674,679,684,696,701,713],{"type":570,"attrs":571,"content":572},"paragraph",{"textAlign":49},[573],{"text":574,"type":575},"Stellantis’s five-year agreement with Element 25 for supply of high-purity manganese sulphate monohydrate, the form of manganese needed to produce battery cathodes, marks the first public move by the western auto industry into the battery mineral. ","text",{"type":570,"attrs":577,"content":578},{"textAlign":49},[579],{"text":580,"type":575},"The Australian manganese developer plans to build a production facility in the US, which Stellantis has agreed to support with a total of $30 million in investment and pre-payment commitments. Element 25 will supply the facility with manganese mined at its Butcherbird mine in Western Australia.",{"type":570,"attrs":582,"content":583},{"textAlign":49},[584,586,594],{"text":585,"type":575},"This deal is the first time an automaker has publicly invested in a manganese company and follows ",{"text":587,"type":575,"marks":588},"Stellantis’ deal with Samsung SDI",[589],{"type":590,"attrs":591},"link",{"href":592,"uuid":49,"anchor":49,"target":49,"linktype":593},"https://source.benchmarkminerals.com/article/samsung-confirms-us-battery-race-entry-with-2-5-billion-stellantis-joint-venture","url",{"text":595,"type":575}," last year to build a lithium ion gigafactory in the US.",{"type":570,"attrs":597,"content":598},{"textAlign":49},[599],{"text":600,"type":575},"“Given the flurry of purchase agreements inked in recent years for lithium, nickel and cobalt, it was only a matter of time before OEMs looked to secure committed manganese volumes,” Anna Fleming, a consultant at Benchmark, said.",{"type":602,"attrs":603,"content":605},"heading",{"level":604,"textAlign":49},4,[606],{"text":607,"type":575},"Inflation Reduction Act heightens demand",{"type":570,"attrs":609,"content":610},{"textAlign":49},[611,613,619,621,627],{"text":612,"type":575},"As demand for electric vehicles in",{"text":614,"type":575,"marks":615}," North America continues to grow",[616],{"type":590,"attrs":617},{"href":618,"uuid":49,"anchor":49,"target":49,"linktype":593},"https://source.benchmarkminerals.com/article/15-billion-us-gigafactory-push-accelerates-north-american-capacity-growth",{"text":620,"type":575},", so too will its demand for ",{"text":622,"type":575,"marks":623},"high-purity manganese chemicals",[624],{"type":590,"attrs":625},{"href":626,"uuid":49,"anchor":49,"target":49,"linktype":593},"https://source.benchmarkminerals.com/article/manganese-demand-rising-as-alternative-cathode-chemistries-gain-popularity",{"text":628,"type":575},".",{"type":570,"attrs":630,"content":631},{"textAlign":49},[632,634,640,642,648],{"text":633,"type":575},"Due to the ",{"text":635,"type":575,"marks":636},"Inflation Reduction Act",[637],{"type":590,"attrs":638},{"href":639,"uuid":49,"anchor":49,"target":49,"linktype":593},"https://source.benchmarkminerals.com/article/us-inflation-reduction-act-puts-oem-raw-material-supply-deals-in-focus",{"text":641,"type":575},", passed in the US last year, much of this demand will need to be met using US-friendly supply chains. To obtain the ",{"text":643,"type":575,"marks":644},"electric vehicle tax credits",[645],{"type":590,"attrs":646},{"href":647,"uuid":49,"anchor":49,"target":49,"linktype":593},"https://source.benchmarkminerals.com/article/what-does-the-us-inflation-reduction-act-mean-for-the-ev-battery-supply-chain",{"text":649,"type":575},", automakers have to source a certain proportion of the critical minerals in their batteries from the US or Free Trade Agreement countries, which is spurring the development of more local supply chains.",{"type":570,"attrs":651,"content":652},{"textAlign":49},[653],{"text":654,"type":575},"Benchmark forecasts North American battery demand in 2026 will be around 284 gigawatt-hours in 2026. This will require around 25,000 tonnes (Mn contained) of battery-grade manganese, rising to approximately 60,000 tonnes in 2030.",{"type":570,"attrs":656,"content":657},{"textAlign":49},[658],{"type":659,"attrs":660},"image",{"id":49,"alt":661,"src":662,"title":49,"source":49,"copyright":49,"meta_data":663},"","https://a.storyblok.com/f/287943243085208/f8855e43f2/bm-image-5.png",{},{"type":570,"attrs":665,"content":666},{"textAlign":49},[667],{"text":668,"type":575},"The agreement is for Element 25 to deliver 5,000 tonnes of high-purity manganese sulphate monohydrate (HPMSM), containing around 1,600 tonnes contained manganese, to Stellantis starting in 2026. This increases to 10,000 tonnes for the remaining four years of the agreement.",{"type":570,"attrs":670,"content":671},{"textAlign":49},[672],{"text":673,"type":575},"The plant will have a capacity of 65,000 tonnes of HPMSM per annum with the potential to expand to 130,000 tonnes.",{"type":570,"attrs":675,"content":676},{"textAlign":49},[677],{"text":678,"type":575},"Stellantis will invest $15 million in equity in Element 25 and lend a further $15 million as part of a prepayment agreement to be repaid by supplies of HPMSM.",{"type":570,"attrs":680,"content":681},{"textAlign":49},[682],{"text":683,"type":575},"“We expect this to be the first of several offtake agreements to be announced this year,” Fleming said. “Particularly for US-based car manufacturers, the IRA Clean Vehicle Credit has increased the importance of sourcing high purity manganese from outside of China.”",{"type":570,"attrs":685,"content":686},{"textAlign":49},[687,689,695],{"text":688,"type":575},"Currently, ",{"text":690,"type":575,"marks":691},"China accounts for over 95% of global HPMSM production capacity",[692],{"type":590,"attrs":693},{"href":694,"uuid":49,"anchor":49,"target":49,"linktype":593},"https://source.benchmarkminerals.com/article/why-manganese-could-be-the-next-battery-supply-chain-headache",{"text":628,"type":575},{"type":570,"attrs":697,"content":698},{"textAlign":49},[699],{"text":700,"type":575},"“Given the stronghold China currently has on the production of high purity manganese, locking-in supply from projects in development is the leading option for end-users,” Fleming said.",{"type":570,"attrs":702,"content":703},{"textAlign":49},[704,706,711],{"text":705,"type":575},"Element 25 had planned to build its HPMSM production facility in Malaysia. Its managing director, Chris Brown, ",{"text":707,"type":575,"marks":708},"previously told Benchmark",[709],{"type":590,"attrs":710},{"href":694,"uuid":49,"anchor":49,"target":49,"linktype":593},{"text":712,"type":575}," that as the manganese was initially mined in Australia (which has an FTA with the US), processing in Malaysia would not exclude it from the IRA tax credits.",{"type":570,"attrs":714,"content":715},{"textAlign":49},[716],{"text":717,"type":575},"However, in December last year, the company changed tack and began scoping locations in the US to build the facility. It cited, “demand-pressure for a USA production location to satisfy potential customer’s requirements under the IRA” as a key reason for changing its strategy. Element 25 is still considering Malaysia as the location of a second HPMSM production facility.","Stellantis’s five-year agreement with Element 25 for supply of high-purity manganese sulphate monohydrate, the form of manganese needed to produce battery cathodes, marks the first public move by the western auto industry into the battery mineral. The Australian manganese developer plans to build a production facility in the US, which Stellantis has agreed to support […]",[720],{"slug":558,"name":559,"content":721},{"job_title":561,"image":722,"bio":564,"linkedin":565},{"filename":563},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"ef0ace24-a495-4f39-8643-e3f70417ccb2\", \"id\": \"\"}-->","article",[726,729],{"slug":727,"name":728},"critical-minerals","Critical Minerals",{"slug":730,"name":731},"manganese","Manganese","private",{"id":49,"alt":661,"name":661,"focus":661,"title":661,"source":661,"filename":734,"copyright":661,"fieldtype":735,"meta_data":736,"is_external_url":51},"https://a.storyblok.com/f/287943243085208/933d74c0ac/bm-cl-19030007-1.jpg","asset",{"alt":661,"title":661,"source":661,"copyright":661},"Jan 10, 2023","10th January 2023",[],[],1782404302730]