The BMW Group has just concluded a supply contract with Ganfeng Lithium based in Jiangxi, China, with a forecast volume of €540M for the supply of lithium hydroxide for battery cells. The lithium will be extracted in Australia with deliveries to start next year.
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The Dutch Advanced Metallurgical Group (AMG) is planning to build a lithium hydroxide refinery in the German town of Zeitz, Saxony-Anhalt. The metal to be processed there is to be used to produce electric car batteries.
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In the Potosi region of Bolivia, the deal between privately owned German company ACI Systems and the state-owned Bolivian company Yacimientos de Litio Bolivianos (YLB ) has been annulled by the cabinet of ministers of President Evo Morales.
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Chemical company Johnson Matthey has announced the construction of a new factory for the production of its battery cathode materials. This year will see the begin of construction of the production facility in Konin, Poland, after which production should start in 2021 or 2022.
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Following the deals with Tesla and LG Chem, BMW has now also signed a five year supply agreement with Ganfeng Lithium for lithium hydroxide.
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The Chinese firm Ganfeng Lithium has signed an agreement with Tesla for the delivery of lithium hydroxide. The agreement runs from 2018 until 2020, with an option to extend for another three years. Ganfeng Lithium will deliver one fifth of their total lithium hydroxide stock to Tesla.
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