Volkswagen, Stellantis and Glencore backing ACG in $1B purchase of Brazilian nickel sulfide and copper mines
Green Car Congress
JUNE 14, 2023
Volkswagen, Stellantis and Glencore are supporting the purchase of the Atlantic Nickel nickel sulfide and the MineraƧao Vale Verde copper mine in Brazil by ACG , a London-listed special purpose acquisition company (SPAC), for US$ 1 billion. 20ktpa over a 12-year life of mine, at an average C1 cash cost of $1.37/lb lb copper.
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