News
17 October 2025

GM, Vale pause battery material plans in Canada on EV pullback

In:
Transport
Region:
Americas

General Motors and Vale have paused the second phase of their battery material partnership in Quebec in response to weaker-than-expected electric vehicle demand and changes in US policy. The automaker announced it will incur $1.6 billion in charges related to the pullback from electric...

Exclusive subscriber content…

If you are a Proximo subscriber, please login to continue reading

Login

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to Proximo Intelligence contact us

Request Access

You might also like


Perspective
07 November 2025

Meta and Blue Owl’s Hyperion: Beyond project bonds

It's time to reach for the superlatives, as Meta and Blue Owl close the largest project financing ever as a high grade bond. But the risk allocation is pure project finance.

Interview
11 November 2025

Pertamina’s Bagus talks strategic finance

Andy Bagus, senior vice-president treasury and strategic finance, at Indonesia’s national oil company Pertamina discusses project and export finance strategy amid a volatile...