lithium developer PiedmontLithium has inked a $75million investment and a 200 000 t takeoff deal with LGChem, while SayonaMining is traking to plan at NAL mining investment EV CriticalMinerals BatteryMetals resources
PERTH – Lithium developer Piedmont Lithium has inked a $75-million investment and offtake agreement with global chemicals company LG Chem.
Piedmont will supply LG Chem with 50 000 t/y of spodumene concentrate for four years with planned shipments beginning in the third quarter of 2023. Pricing will be determined by a formula-based mechanism linked to spodumene market prices at the time of each shipment.LG Chem will use the material to support its plans to produce cathode materials for key North American customers as well as the intentions of the Inflation Reduction Act of 2022 .
“We welcome LG Chem as a shareholder in Piedmont and are excited to partner with them to supply North American lithium that will meet the requirements of the IRA and support the development of the US battery supply chain,” said Piedmont president and CEO“LG Chem is a global leader with a commitment to US electric vehicle battery manufacturing and plans to build one of the world’s largest cathode plants in Clarksville, Tennessee.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Mist On d’Alba Piedmont Aromatic Spray Serum and Say AhhhhIf you haven't tried a spray serum, now's the time. We put a full-size bottle of liquid gold in the allurebeautybox this month – just shake and spritz for a lit-from-within glow. 💫
Weiterlesen »
Piedmont driver arrested after intentionally crashing into police carPolice in Piedmont arrested a driver on Monday night who they say was driving under the influence and purposefully crashed into a police car.
Weiterlesen »
Electric vehicles need lithium. See how they get it.Lithium has never been more in demand. The soft, silvery metal gives batteries more life and allows them to hold a longer charge. A lithium-ion battery is likely powering the device you’re using right now to read these words.
Weiterlesen »
Covalent delays first lithium hydroxideFirst lithium hydroxide from Covalent Lithium’s Kwinana refinery, in Western Australia, has been delayed by six months, until the first half of 2025. ASX-listed Wesfarmers, which jointly owns Covalent with with Chile's SQM, on Wednesday told shareholders that while labour availability and supply chain constraints have been well managed by Covalent, these pressures together with refinery engineering delays and Covid-related restrictions affecting the delivery of key capital items sourced from offshore have impacted cost and timing expectations for the project, including completion of the Kwinana refinery.
Weiterlesen »
Global demand for lithium batteries to leap five-fold by 2030 – Li-BridgeGlobal demand for lithium batteries is expected to surge more than five-fold by 2030 as more people opt for electric vehicles and energy storage systems. mining ev battery
Weiterlesen »
EV Revolution Activated: GM Puts $650 Million Into Securing Its US Lithium SupplyNo matter how many Super Bowl commercials you run about your EV lineup, no matter how much you talk about your EV leadership, you can only sell as many EVs as you have batteries lined
Weiterlesen »