Australia’s Piedmont Lithium signs ore supply agreement with Tesla

By Syndicated Content Sep 27, 2020 | 9:35 PM

(Reuters) – Australian lithium miner Piedmont Lithium said on Monday it signed an agreement with U.S. electric carmaker Tesla Inc to supply high purity lithium ore mineral from its deposits in North Carolina for an initial five-year term.

Under the agreement, Tesla will procure about one-third of Piedmont’s planned production of 160,000 tonnes per annum of spodumene concentrate, high-purity lithium ore mineral for the initial five years, the miner said in a statement.

(Reporting by Sameer Manekar in Bengaluru; Editing by Kim Coghill)

Two Kalamazoo organizations receiving state funding to help housing crisis

3h ago zimmytws / Depositphotos.com

Man pleads guilty to killing ex-girlfriend in 2023

2h ago Jobs For Felons Hub / CC

AUDIO: NRC says Palisades won't restart if it doesn't pass inspections

2h ago

China's Nio, behind on growth targets, aims to tighten cost control

3h ago

"Drive Sober or Get Pulled Over" holiday motoring safety initiative underway

1h ago

AAA predicting record number of travelers for the year-end holiday period

4h ago