Tesla signs three year lithium supply deal with China’s Ganfeng Lithium

Tesla has signed a three-year deal to buy lithium from Ganfeng Lithium, as it secures supplies of the battery raw material following a rapid rise in prices this year. 

The agreement for battery grade lithium hydroxide will start at the beginning of next year, Ganfeng said, without giving further details. 

“The actual purchasing quantity and sales amount will depend on the purchasing orders placed by Tesla,” Ganfeng said. 

The deal comes following a 91 per cent increase in lithium hydroxide CIF Asia prices this year to $19,250 a tonne, according to Benchmark’s Lithium Price Assessment. Rising lithium . . .


Login to continue reading!

This article is restricted to Benchmark Membership subscribers.

Login

Not subscribed yet?

To subscribe or to find out more about Benchmark Membership click here or fill in the form below and a member of our team will be in touch with you as soon as possible.

Contact Us

THANK YOU FOR SCANNING A QR CODE TO RECEIVE MORE INFORMATION ON BENCHMARK PRODUCTS AND SERVICES.

Please complete the form below and we will follow up as soon as possible.

COMPLETE THE FORM BELOW TO REQUEST A DEMONSTRATION OF OUR LITHIUM FORECAST

Your details:

New Reports

Select the new reports you would like to learn more about

BENCHMARK NEWSLETTER

SELECT BENCHMARK'S SERVICES OF INTEREST:

Forecasts
Market Assessments
Price Assessments
Technologies
Other
ESG
Events
Which event(s) interest you?