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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
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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
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Stellantis signs offtake agreement and invests in Alliance Nickel for battery-grade nickel and cobalt sulfate

Green Car Congress

and exploration and development company Alliance Nickel (formerly GME Resources) signed a binding offtake agreement for the supply of 170,000 tons of nickel sulfate and 12,000 tons of cobalt sulfate in total over an initial five-year period. Pricing for the nickel and cobalt sulfate is linked to index prices. Stellantis N.V.

Batteries 259
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Magnis signs offtake agreement with Tesla for anode active materials; N. American production

Green Car Congress

Australia-based Magnis Energy Technologies has entered into a binding offtake agreement with Tesla for the supply of anode active materials (AAM) beginning in February 2025 with fixed pricing. Magnis is a vertically integrated lithium-ion battery technology and materials company in the Lithium-ion battery supply chain.

Tanzania 397
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Liontown Resources rejects US$3.7B acquisition proposal from Albemarle

Green Car Congress

Liontown Resources, an emerging battery minerals producer based in Australia, has rejected an unsolicited, conditional and non-binding indicative proposal from Albemarle Corporation, in which Albemarle would acquire all of the shares in Liontown at a price of A$2.50 per share—valuing the company at approximately US$3.7

Australia 259
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Piedmont Lithium amends agreement with Tesla; sourcing SC6 from Québec operation

Green Car Congress

Piedmont Lithium ( earlier post ) has amended its earlier agreement with Tesla to supply the US automaker with spodumene concentrate (SC6) from North American Lithium (NAL). North American Lithium is a brownfield open pit mining and spodumene concentrator operation in Québec owned 75% by Australia-based Sayona Mining and 25% by Piedmont.

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Phillips 66 taking 16% stake in synthetic graphite supplier NOVONIX; building US-based battery supply chain

Green Car Congress

Phillips 66 has entered into an agreement to acquire a 16% stake in NOVONIX Limited, an Australia-based company that develops and supplies synthetic graphite materials for lithium-ion battery anodes. This strategic investment enables Phillips 66 to directly support the development of the US battery supply chain.

Supplies 186