GM makes a $150M deal for sustainable refined graphite with a Canadian miner
Photo: GM
General Motors (GM) has signed a multiyear deal with Quebec-based Nouveau Monde Graphite (NMG) to supply nearly 20,000 tons of active anode material per year.
General Motors has committed $150 million to support the advancement and construction of NMG’s phase 2 operations that include the production of graphite ore to battery materials. (NMG just made a similar off-take agreement with Panasonic.) NMG’s agreement to supply GM with 19,842 US tons of active anode material annually…