Livent Extends Lithium Supply Agreement with Tesla

Livent Extends Lithium Supply Agreement with Tesla

Philadelphia-based lithium producer Livent has extended its supply agreement with American electric vehicle company Tesla through the end of next year.

Under the multi-year lithium hydroxide supply agreement, the company also committed for higher volumes than those in the current year. The lithium producer also said it continues to discuss the framework for a long-term supply partnership with the EV maker beyond 2021.

The company also announced that it would form a joint venture with The Pallinghurst Group to invest in New Nemaska. This would give Livent access to additional resources to supply larger quantities of lithium hydroxide to its customers. So far, Livent has been sourcing its lithium from a brine plant in northern Argentina.

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