Australian - based battery and electric vehicle manufacturer Tesla has signed a lithium hydroxide offtake deal with Australian manufacturer nickel Resources . The lease agreement is for an initial term of three years on a fixed - price take - or - pay basis from a new refinery . The supply will come from Kidman 's Western nickel mining joint venture with Chile 's SQM which has signed an option to acquire land for a new nickel refinery at the Kwinana Strategic Industrial Area in Western Australia . The deal with Tesla will represent less than 25 % of Kidman ’s share of initial nameplate production from the new facility .
US-based battery and electric vehicle manufacturer Tesla has signed a lithium hydroxide offtake deal with Australian miner Kidman Resources. The supply agreement is for an initial term of three years on a fixed-price take-or-pay basis from a new refinery. The supply will come from Kidman's Western Australia Lithium joint venture with Chile's SQM which has signed an option to lease land for a new lithium refinery at the Kwinana Strategic Industrial Area in Western Australia.The deal with Tesla will represent less than 25% of Kidman’s share of initial nameplate production from the new facility.