Lithium producers are hustling to establish production in North America, and that’s a positive thing. However, it’s not going to happen at Silicon Valley speed. The mining industry has its own complex product cycles, and its own terminology, complete with plenty of acronyms. Piedmont Lithium’s joint venture partner, Sayona Mining, has released a definitive feasibility… Read more »
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Liontown Resources to supply Tesla with Australian lithium
Australia-based battery materials company Liontown Resources has agreed to supply Tesla with spodumene concentrate, a source of lithium. Liontown will supply Tesla with up to 150,000 dry metric tons (DMT) of spodumene concentrate per year, produced at Liontown’s Kathleen Valley Lithium Project in Western Australia. Deliveries are expected to begin in 2024. Pricing will be… Read more »
Lithium hydroxide converter to be built near Tesla’s German Gigafactory
Rock Tech Lithium, a company with offices in Canada and Germany, is planning to build a production plant for battery-grade lithium hydroxide in Guben, Brandenburg. The company has acquired a 12-hectare site in the Guben South industrial park—which happens to be just a few miles away from Tesla’s new Berlin Gigafactory. Rock Tech intends to… Read more »
Tesla develops new cost-slashing lithium extraction process
During last year’s Battery Day presentation, Tesla unveiled a number of new technologies, processes and plans, some of them only sketchily explained. One of these was a new lithium extraction process that Senior VP of Engineering Drew Baglino predicted could deliver as much as a 33% reduction in lithium costs. “What is the best way… Read more »
Report: Tesla consumed more lithium than next four EV makers combined in 2020
In 2020, Tesla deployed 18,700 tons of lithium carbonate equivalent (LCE) in the batteries of its new EVs, more than the next four EV makers (BYD, VW, Renault and Audi) combined, according to the report EV Battery Capacity and Battery Metals Tracker by Adamas Intelligence. In total, 67% of Tesla’s 2020 lithium consumption was driven… Read more »
Livent to invest in Nemaska Lithium, extends supply agreement with Tesla
Lithium supplier Livent has announced its participation in a consortium to acquire the business and certain assets of Nemaska Lithium, located in Québec. Livent will invest in the company via a joint venture with The Pallinghurst Group. Livent has also extended its multi-year lithium hydroxide supply agreement with Tesla through 2021, and has committed to… Read more »
Chinese lithium producer will supply a fifth of its production to Tesla
One of China’s top producers of lithium has agreed to supply a fifth of its lithium hydroxide production to Tesla’s battery suppliers. The agreement with Jiangxi-based Ganfeng Lithium runs from 2018 to 2020, and could be extended by three years. EV-makers have been scrambling to secure supplies of lithium for the past couple of years…. Read more »
Tesla locks up long-term lithium supply
To produce EVs, you need batteries. To build batteries, you need lithium. That’s why Tesla has signed a long-term contract with a pair of mining companies to supply lithium hydroxide from a site in northern Mexico. Bacanora Minerals Ltd and Rare Earth Minerals PLC are partners in a joint venture called the Sonora Lithium Project…. Read more »
Tesla’s Gigafactory sounds like good news for lithium suppliers
Those who follow the market for lithium, which is evolving into a strategic commodity, have been predicting an oversupply in the years ahead. However, Tesla’s planned battery Gigafactory may consume as much as 17 percent of the world’s current output, benefiting producers like Rockwood Holdings (NYSE: ROC), according to Goldman Sachs Group. Tesla’s appetite for… Read more »
EV lithium consumption rises 40% in 2023, led by Europe and Americas
Adamas Intelligence data shows that 408,214 tonnes of lithium carbonate equivalent (LCE) were deployed globally in new passenger EV batteries last year, up by 40% from 2022. Europe and the Americas accounted for 40% of global deployment, rising by 38% to 163,423 tons in 2023. Across the three continents, Tesla took the top spot with… Read more »