Vulcan Energy tweaks offtake agreement with Renault
Published: Monday, 22 November 2021
Australia-listed lithium start up Vulcan Energy Resources and car manufacturer Renault signed a binding offtake agreement for lithium, securing lower volumes than initially discussed, according to the companies’ statement on Monday November 22.
Renault will purchase between 26,000 and 32,000 tonnes of
battery-grade lithium hydroxide from Vulcan in six years,
starting from 2026, the company's announcement on November 22
For these volumes, the pricing will be "on a take-or-pay
basis" based on market pay - which means contract prices
defined by price...