Australia's Alliance Nickel says Stellantis to exit supply deal

Reuters11-07

Australia's <a href="https://laohu8.com/S/AXNLF">Alliance Nickel</a> says Stellantis to exit supply deal

Nov 7 (Reuters) - Australia's Alliance Nickel AXN.AX said on Friday that carmaker Stellantis STLAM.MI would terminate its existing supply agreement effective December 3, citing missed contractual milestones dates.

Alliance said the missed milestones were primarily due to challenging nickel market conditions and project financing constraints.

It added that Stellantis, the maker of Jeep, Fiat and Chrysler, had expressed willingness to renegotiate the offtake terms.

(Reporting by Rajasik Mukherjee and Sneha Kumar in Bengaluru; Editing by Tasim Zahid)

((Sneha.Kumar@thomsonreuters.com;))

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