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Tesla, Kidman sign lithium offtake

Lithium success story Kidman Resources (ASX:KDR) and electric vehicle bellwether Tesla have signed an offtake agreement for lithium from the former’s planned lithium hydroxide venture at a fixed price deal on undisclosed terms.

Energy Minerals > Energy-minerals-news

Tesla, Kidman sign lithium offtake

Lithium success story Kidman Resources (ASX:KDR) and electric vehicle bellwether Tesla have signed an offtake agreement for lithium from the former’s planned lithium hydroxide venture at a fixed price deal on undisclosed terms.

Tesla, Kidman sign lithium offtake

Tesla has secured some lithium supply from Kidman Resources

The deal will account for less than 25% of Kidman's portion of initial nameplate production for the first three years from the planned refinery that Kidman and lithium heavyweight SQM to build the refinery in Western Australia on a 50:50 basis.