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Following are some of the deals major automakers have announced with suppliers and miners:
TESLA 01-Mar-2022Core Lithium will supply up to 110,000 dry metric tonnes of Spodumene concentrate, a chief source of lithium, over four years, starting in the second half of 2023, from an Australian project.
01-Nov-2021
China’s Ganfeng Lithium Co will supply battery-grade lithium for three years starting 2022. Volumes were not disclosed. Ganfeng is the third largest lithium supplier in the world. 22-July-2021 Australia’s BHP Group (NYSE:BHP) will supply nickel from BHP’s plants in Western Australia. Quantities, timing not disclosed.
VOLKSWAGEN
08-Dec-2021
Vulcan Energy Resources will provide lithium hydroxide for five years starting in 2026. Vulcan extracts lithium from geothermal sources in Germany’s Upper Rhine Valley region.
08-Dec-2021 Belgian chemical firm Umicore will supply cathode materials for VW European battery cell factories under a joint venture with the carmaker. It will start production in 2025 with 20 gigawatt hours (GWh) for VW’s plant in Salzgitter, Germany.
STELLANTIS NV
29-Nov-2021Preliminary deal with Vulcan Energy Resources for lithium produced using geothermal energy from Germany. Over five years starting in 2026, Vulcan will supply between 81,000 and 99,000 tonnes of battery-grade lithium hydroxide.
RENAULT SA 21-Nov-2021
Vulcan Energy Resources will supply 26,000 to 32,000 metric tonnes of battery-grade lithium chemicals for initial six-year starting 2026. 08-Oct-2021
MoU with Terrafame, a Finnish nickel and cobalt miner, to supply nickel sulphate. Quantities and timeline not disclosed. (t.ly/iRZm)
TOYOTA MOTOR CORP
04-Oct-2021
BHP Group Ltd will supply nickel sulphate from Western Australia to a battery-making joint venture between Toyota Motor (NYSE:TM) and Panasonic (OTC:PCRFY). Details were not disclosed.
GENERAL MOTORS
02-Jul-2021
GM will make a “multimillion-dollar investment” in and help develop Controlled Thermal Resources (CTR) Ltd’s Hell’s Kitchen geothermal brine project near California’s Salton Sea. The project could be producing 60,000 tonnes of lithium – enough to make roughly 6 million EVs – by mid-2024.
FORD
22-Sept-2021
Partners with startup Redwood (NYSE:RWT) Materials to form a “closed loop” or circular supply chain for electric vehicle batteries, from raw materials to recycling.
