Tesla signed a 5-year lithium supply deal with Liontown Resources, which is expected to commence in 2024. Liontown will supply Tesla with Lithium Spodumene Concentrate from the battery metal company’s new AU$473 million ($338M) Kathleen Valley Lithium Project in Western Australia.
“Australian-based battery materials company Liontown Resources Limited (ASX: LTR) is pleased to announce that it has entered into a legally binding sales and purchase term sheet with electric vehicle manufacturer Tesla for the supply of spodumene concentrate,” announced the Australian company.
Tesla will purchase 100,000 dry metric tonnes (DMT) of lithium in the first year of the deal and increase the order by…
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