article thumbnail

Australia forecasts lithium export earnings of $16B in 2022-23, up from $5B in 2021-22

Green Car Congress

This will make lithium Australia’s sixth-largest resource and energy commodity export. Australia is the largest lithium exporter in the world, accounting for 46% of the world’s lithium production in 2021. This rapid growth is forecast to be met by gains in output by Australia, Chile and Argentina.

Australia 281
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

Cobalt Institute: cobalt market weakened since 2022 peak, but in longer term, demand will outpace supply

Green Car Congress

The Cobalt Institute’s Cobalt Market Report, prepared by Benchmark Mineral Intelligence, finds that cobalt market conditions have weakened substantially since the price peak in 2022. This dynamic will likely remain through to 2024, the report says, as a plentiful and growing supply surplus maintains pressure on prices.

Supplies 259
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

Tesla Australia quits FCAI over claims that group is misleading consumers

Teslarati

Tesla Australia has announced its intentions to quit the Federal Chamber of Automotive Industries (FCAI), the principal organization representing car companies in the country, over claims that the group was misleading consumers. Necessary but regrettable decision. Thank you @samuelmclean for sticking to the Tesla mission.

article thumbnail

LG Energy Solution secures lithium supply for the North American market

Teslarati

LG Energy Solution (LGES) signed an offtake agreement with WesCEF to expand its lithium supply chain for the North American market. According to the agreement , WesCEF will supply the South Korean battery supplier with up to 85,000 tons of lithium concentrate. Holland lithium project in Western Australia.

Supplies 113
article thumbnail

MAN Energy Solutions and Fraunhofer IST analyze options for cost-efficient hydrogen supply to Salzgitter industrial cluster

Green Car Congress

MAN Energy Solutions and the Fraunhofer Institute for Surface Engineering and Thin Films (IST) have published their analysis of the framework conditions for the future supply of green hydrogen to the Salzgitter steel site near Hannover. —Marc Grünewald, Head of Business Development, Power and New Energies at MAN Energy Solutions.

Hydrogen 221