ILHMF - Tesla - Lithium Supply Secured?
Lithium being mined from brine. It's the cheapest way to mine it, but not really the kind Ganfeng has access to, right now.
Recently, we got to know that Tesla (TSLA) and the “Chinese lithium giant” Ganfeng Lithium signed a deal for a fifth of Ganfeng’s battery-grade lithium hydroxide production capacity per year. The contract runs from 2018 to 2020, and might be extended for another three years.
With Ganfeng Lithium being billed as China’s top lithium producer, one could see this contract as helping assure the lithium Tesla needs. Indeed, LG probably