It is about to win low-cost batteries! Tesla signs lithium ore contract with Australian company

Australian lithium mining company PiedmontLithium announced on Monday (28th) that it has signed a five-year cooperation agreement with American electric car giant Tesla. The company will supply Tesla from its North Carolina state. High-purity lithium ore mined in the ore deposits. The company stated in the statement that, in accordance with the agreement, Tesla will purchase one third of its planned annual output (160 thousand tons) of spodumene concentrate at a fixed price in the first five years of cooperation, which means that the annual supply will exceed 50,000 tons. After the contract expires, both parties can choose whether to renew the five-year agreement. The scheduled delivery time will start from July 2022 to July 2023. PiedmontLithium also stated in the statement: “This agreement marks the beginning of our first domestic lithium supply chain in the United States, and negotiations on other sales arrangements are ongoing.” Affected by this positive news, the Australian lithium miner At one point, the share price of NASDAQ soared by more than 80%, and hit the highest level since May 2007. As of press time, the company's share price rose 78% to 0.267 Australian dollars. Last week, Tesla CEO Elon Musk said at the 'Battery Day' conference that he was confident that he could make a very attractive fully autonomous car with a price of $25,000, but This may take three years. In addition, the 'million-mile battery' did not arrive as expected, and the market was disappointed. Its stock price fell below 11% that day. However, Musk does not seem to give up. On 'Battery Day,' Musk announced that he had obtained the ownership of a 10,000-acre lithium clay deposit in Nevada and officially entered the mining business. Coupled with the agreement reached with PiedmontLithium this time, and Tesla's previously announced new sulfate-free process (which can ultimately reduce the cost of lithium by 33%), these cost reduction measures are sufficient to prove its potential for cheaper electric vehicle batteries. The determination to get in.