Top Chinese lithium producer announces three-year deal to supply Tesla [Seeking Alpha]
Tesla, Inc. (TSLA)
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China’s top producer of lithium says it has agreed to a deal with Tesla (NASDAQ: TSLA ) to supply 20% of its production to the vehicle maker. Ganfeng Lithium says the contract, valid through year-end 2020, can be extended by another three years. TSLA may need as much as 28K metric tons/year of lithium hydroxide from late next year based on battery output at its Nevada facility, reaching the equivalent of 35 GW, consultant Benchmark Mineral has forecast. Click to subscribe to real-time analytics on TSLA Now read: Why Just The Act Of Tesla Confirming A Criminal Probe Is So Meaningful » Subscribe for full text news in your inbox
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