Lake Resources says UK export agency interested in funding Argentina lithium project
UK Export Finance also indicated it would increase funding to boost lithium output at the Kachi project,
UK Export Finance also indicated it would increase funding to boost lithium output at the Kachi project,
Ganfeng will buy spodumene concentrate from Core's Finniss project in the Northern Territory.
Piedmont last autumn signed a deal to supply US electric automaker Tesla Inc with lithium sourced from its deposits in North Carolina, sending the company’s stock up tenfold.
The world’s largest lithium producer posted a nearly five-fold jump in quarterly income on Wednesday.
The miner posted second-quarter net income of $424.6 compared to $85.6 million in the year-ago quarter.
The lithium market is expected to see shortages as early as 2022.
Piedmont had been set in the initial contract to begin supplying Tesla between July 2022 and July 2023.
Vulcan will supply 6,000 to 17,000 tonnes of lithium annually to the French automaker.
The lithium shipment is the culmination of a decade's research to catapult Rio Tinto into battery minerals.
The project would become one of the largest US producers of the electric vehicle battery metal.