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. The purchase price for Albemarle’s 50% interest in the JV would be US$1.15 billion, which Albemarle expects to fund with available cash and new credit facilities.

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. spodumene concentrate 6%) production capacity of ~500 ktpa.

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

Tesla Lithium supplier remains on track for first export by the end of 2022

Teslarati

ASX:CXO) recently provided a development update on its Finniss Project located near Darwin in the the Northern Territory of Australia. The two companies aim to finish negotiations and execute a definitive product purchase agreement by August 27, 2022. Tesla supplier Core Lithium Ltd. The Lithium business is for you.”.

Tesla 93
article thumbnail

Rockwood Holdings to acquire Talison Lithium for C$724M

Green Car Congress

per share for an equity purchase price of approximately C$724 million, on a fully diluted basis (US$732 million). Earlier this month, Talison officially opened the expansion of the Greenbushes Lithium Operations, located in Western Australia. Specialty chemicals and advanced materials company Rockwood Holdings Inc. Earlier post.).

Financing 218