Vale Canada and lithium-ion battery maker Northvolt have announced an agreement on the supply of low-carbon nickel products from Vale to Northvolt, a move that will help both companies drive sustainable electric vehicle supply chains.
Vale is the world's leading producer of low-carbon, high-purity nickel products. Vale has committed to invest US$4 billion to US$6 billion to achieve carbon neutrality in corporate operations by 2050.
Northvolt is committed to raising the bar on sustainability in the battery manufacturing industry, and plans to reduce carbon emissions from battery production by up to 90% compared to current benchmarks by using clean energy in production and enhancing resource recycling.