LTR News: Tesla Enters 5-Year Deal With Australian Lithium Supplier Liontown Resources - 16th Feb 2022, 10:47pm

[zeeb0t]

By Sam Boughedda

Investing.com — Liontown Resources Ltd (ASX:LTR) announced Wednesday that it has a deal with Tesla Inc (NASDAQ:TSLA) to supply lithium spodumene concentrate, news that sent its stock up 18% during the Australia session.

The material will come from Liontown's new A$473 million ($337 million) Kathleen Valley Lithium Project in Western Australia.

The deal is for an initial five years and is set to begin in 2024.

Tesla will purchase 100,000 dry metric tonnes in the first ye...

>>> Read more: Tesla Enters 5-Year Deal With Australian Lithium Supplier Liontown Resources

 

[kalinda]

Great work by management securing LTR's second offtake with a company of Tesla's calibre. The first recent offtake was with LG also a top quality achievement which clearly demonstrates the professionalism and interest in Liontown's high grade sizeable resource. Waiting patiently with enormous curiosity to see who of the other eager 50 parties management find to be suitably endowed to engage with for the next offtake...