Ford has executed an offtake settlement with Australia-based battery supplies firm Liontown Assets for the provision of the lithium-providing spodumene focus for a time period of 5 years.
“Ford continues working to supply extra deeply into the battery provide chain to fulfill our targets of delivering greater than 2 million EVs yearly for our clients by 2026,” says VP of EV Industrialization Lisa Drake. “That is certainly one of a number of agreements we’re engaged on to assist us safe uncooked supplies to assist our plan to ship EVs for patrons all over the world.”
Liontown will supply spodumene focus from its Kathleen Valley Lithium Challenge in western Australia. In keeping with Liontown Assets, Kathleen Valley’s Mineral Useful resource Estimate is 156 Mt, 1.4% Li20 and 130 ppm of Ta205. Liontown plans to make use of an influence provide comprised of 60% renewable vitality to start supplying Ford in 2024, to offer 75,000 DMT (dry metric tons) of spodumene focus the primary 12 months, 125,000 DMT within the second 12 months, and 150,000 DMT through the third, fourth and fifth years.
The offtake settlement, when added to earlier offtake agreements with Tesla and LG Vitality Answer, permits Liontown to generate as much as 450,000 DMT of spodumene focus per 12 months—which is about 90% of its start-up manufacturing capability. Liontown says the remaining 10% will go to identify quantity gross sales and discrete offtake agreements.
Supply: Liontown Assets through Inexperienced Automotive Congress
