Tesla Lithium Deal With Australian Miner Lapses
A slated deal for the sale of lithium to electric car giant Tesla from Australia’s Core Lithium has been quietly shelved.
“I want to thank Tesla for the time taken to negotiate with Core and look forward to maintaining an open and ongoing dialogue,” said CEO Gareth Manderson in an announcement (pdf) on Oct. 27.
The CEO was upbeat that the high price of lithium meant the company was “well positioned” to capitalise on international demand and current shortages of battery-grade lithium spodumene concentrate.
Meanwhile, South Australia’s Core Lithium operates the Finniss Project in the Northern Territory. Around 80 percent of the mine’s production has been allocated to Chinese lithium firms Ganfeng and Yahua….