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(Reuters) -Australia's Liontown Resources said on Wednesday it signed a five-year agreement with Tesla to supply lithium spodumene concentrate to the electric carmaker, sending the lithium miner's shares up nearly 20%.
Tesla will buy 100,000 dry metric tonnes (DMT) of the concentrate in the first year starting 2024, increasing to 150,000 DMT per year in subsequent years.
Lithium prices have soared in the past few years, with suppliers scrambling to meet d...
>>> Read more: Australia's Liontown signs 5-year lithium supply deal with Tesla
(Reuters) -Australia's Liontown Resources said on Wednesday it signed a five-year agreement with Tesla to supply lithium spodumene concentrate to the electric carmaker, sending the lithium miner's shares up nearly 20%.
Tesla will buy 100,000 dry metric tonnes (DMT) of the concentrate in the first year starting 2024, increasing to 150,000 DMT per year in subsequent years.
Lithium prices have soared in the past few years, with suppliers scrambling to meet d...
>>> Read more: Australia's Liontown signs 5-year lithium supply deal with Tesla
