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Australia’s Alliance Nickel said on Friday that carmaker Stellantis 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.
(By Rajasik Mukherjee and Sneha Kumar; Editing by Tasim Zahid)
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