Tesla and Australian lithium miners signed a large lithium ore purchase order to purchase 100,000 dry metric tons of spodumene concentrate in the first year
Australian lithium miner Liontown Resources announced on Wednesday that it had signed a five-year agreement with Tesla to supply spodumene concentrate to the electric car maker. Under the agreement, Tesla will purchase 100,000 dry metric tons (DMT) of spodumene concentrate in the first year starting in 2024 and increase to 150,000 dry metric tons per year in subsequent years. Liontown will supply lithium ore from its Kathleen Valley lithium project in Western Australia, which is expected to start commercial production in 2025. Supply to Tesla will account for about one-third of the project's annual capacity.