Remove Australia Remove Legal Remove Market Remove Purchase
article thumbnail

Albemarle signs exclusivity agreement with Mineral Resources for 50/50 lithium JV in W. Australia; $1.15B deal

Green Car Congress

Wodgina, located in the Pilbara region of Western Australia, is a world-class hard rock lithium deposit, with an estimated mine life of more than 30 years. Under the terms of the Agreement, Albemarle would manage the marketing and sales of lithium hydroxide produced by the JV via Albemarle’s long-term agreement strategy.

Australia 236
article thumbnail

Liontown and Tesla enter into a binding term sheet for supply of lithium from Kathleen Valley project

Green Car Congress

Australia-based battery materials company Liontown Resources Limited entered into a legally binding sales and purchase term sheet with electric vehicle manufacturer Tesla for the supply of spodumene concentrate. Using today’s market pricing, the contract terms would deliver an SC6.0

Supplies 243
article thumbnail

Core Lithium and Tesla enter into binding term sheet for the supply of lithium

Green Car Congress

Australia-based Core Lithium has entered into a legally binding Term Sheet with Tesla for the supply of up to 110,000 tonnes of Li 2 O spodumene concentrate from the Finniss Lithium Project over a term of 4 years, with pricing referenced to the market price for spodumene concentrate, subject to a price floor and ceiling.

Supplies 195
article thumbnail

Self-driving vehicles may hit UK roads as soon as 2026: minister

Teslarati

United Kingdom (UK) Transport Minister Mark Harper noted on Wednesday that legislation surrounding automated vehicles (AVs) is currently making its way through parliament, and he expects there to be a legal framework in place for the emerging technology by the end of next year (via Reuters ).

article thumbnail

Tesla signs 5-year lithium supply deal with Australia’s Liontown Resources: Report

Teslarati

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. A formula based on market prices for Lithium Hydroxide Monohydrate will decide the purchase price of the lithium supply.

article thumbnail

Granville T. Woods: Smartest Guy in the Room

Cars That Think

He was born in Perth, Australia, on 23 April 1856. The invention was purchased by none other than Alexander Graham Bell , who wanted to ensure that none of his rivals could use it. Woods was endowed with intellectual gifts that allowed him, despite no formal engineering study, to become one of the most prolific U.S.

article thumbnail

Chinas CNOOC to acquire Canadian oil sands producer OPTI for $2.1B

Green Car Congress

Overseas, the Group has oil and gas assets in Indonesia, Australia, Nigeria, Argentina, the US and some other countries. All existing options, warrants and other rights to purchase OPTI shares will be cancelled. As of 31 December 2010, the Group owned net proved reserves of approximately 2.99

Oil-Sands 218