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Benzinga
Benzinga
Business
Rachit Vats

Tesla Secures 5-year Lithium Supply Deal Starting Next Year With Australia's Liontown

Tesla Inc. Australia Liontown Elon Musk

Tesla Inc (NASDAQ:TSLA) has secured a five-year agreement with Australia’s Liontown Resources to supply lithium spodumene concentrate to the Elon Musk-led electric vehicle maker.

What Happened: Tesla will buy 100,000 dry metric tonnes (DMT) of the lithium concentrate in the first year and up to 150,000 DMTs annually thereafter, Liontown Resources said.

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