US-based battery and electric vehicle manufacturer Tesla has signed a lithium hydroxide offtake deal with Australian miner Kidman Resources. The agreement will see Tesla’s lithium-ion batteries shipped to the Kidman Lithium project in Western Australia. 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.
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.