Tesla signs another lithium deal with Australia’s Core Lithium

core lithium

Australia’s Core Lithium announced on Tuesday it has entered into an agreement to supply Tesla with lithium spudomene.

The deal will see Core Lithium supply the automaker with up to 110,000 tonnes over four year from their Finnis Lithium Project near Darwin in the Northern Territory of Australia.

“Core Lithium is thrilled to have reached this agreement with Tesla and look forward to further growing this relationship in the years to come. Tesla is a world-leader in electric vehicles and its investment in offtake and interest in our expansion plans for downstream processing are very encouraging,” the company said in a press release.

According to Core Lithium, the project is scheduled to begin lithium production in the fourth quarter of 2022.

Tesla is not expected to receive their first supply until the second half of 2023.

This is the latest in a series of deals Tesla has signed to secure a source of lithium as demand for electric vehicles continues to grow.

Earlier this month Australia’s Liontown Resources signed a 5 year supply deal for 100,000 tonnes over five year, starting in 2024.

In November they also signed a 3-year lithium hydroxide supply deal with China’s Ganfeng Lithium.

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