Liontown Resources said it has executed a full-form offtake agreement with Beijing Sinomine International Trade Co. (BSIT) for the supply of spodumene concentrate from its flagship Kathleen Valley lithium project in Western Australia. “Securing a near-term offtake with an established lithium refiner to sell initial volumes over the ramp-up period, de-risks sales during our ramp-up of the plant towards nameplate…
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Tesla Inc. investors have voted down a moratorium on sourcing electric vehicle battery metals from deep seabeds during its annual shareholder meeting, reported Bloomberg. Nonprofit As You Sow filed a proposal in December asking the shareholders to impose a ban on mining in the biodiverse ecosystem. While commercial deep-sea mining has yet to begin, Bloomberg noted that the industry aims…
Read MoreTesla, the CEO of which has shown past interest in lithium extraction and refinement, is now reportedly considering a purchase of Canadian-headquartered, Brazilian-focused lithium mining company Sigma Lithium. According to reports including Bloomberg via the Business-Standard, people with knowledge of the situation have relayed that deliberations are in the early stages and the transaction value could reach US$3 billion. The…
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Brazilian producer Vale has reportedly signed a new long-term agreement with Tesla that will send nickel from its mines in Canada to the vehicle maker for EV production. View full article.
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