Investment in Pilbara Minerals It already sources lithium - an ingredient in EV batteries - from China's Ganfeng Lithium , one of the world's top lithium producers. “The agreement will help Ganfeng build a healthy long-term relationship with Tesla,” the company said, “which will help improve the company’s profitability, and benefit its long-term development.”. It already sources lithium - an ingredient in EV batteries - from China's Ganfeng Lithium, one of the world's top lithium producers. It already sources lithium - an ingredient in EV batteries - from China's Ganfeng Lithium , one of the world's top lithium producers. Ganfeng Lithium Co. Ltd. (GFL or Ganfeng) is one of the world’s leading Lithium manufacturers, established in China in 2000.It has been listed on the Shenzhen Stock Exchange since 2010 and on the Hong Kong Stock Exchange (Ticker 1772.HK) since 2018 when it raised US$ 440 million in an IPO. Livent's location, like Ganfeng, gives it an advantage. ANL 27.90 Increased By … Free Reports for New Investors, Resource Investing in Australia: Stocks to Watch, Industrial Metals Outlook and Stocks to Watch, Base Metals Outlook And Investing Opportunities, Copper Price Outlook and Copper Stocks to Watch, Tech Forecast and Promising Tech Stocks To Buy, Archived - Emerging Tech: Advances in AI, Virtual Reality and Mobile, Life Science and Healthcare Investing in 2021, Psychedelics Outlook - Plotting a New Course, Coronavirus Investing: An Overview for Investors, Archived - Pharmaceutical Investing Principles And Pharmaceutical Stocks To Buy, Archived - Biotech Investing - Top Stocks, ETFs and Future Prospects. – ADVERTISEMENT – (adsbygoogle = window.adsbygoogle || []).push({}); Your email address will not be published. Meanwhile, Tesla has also agreed an offtake deal with Ganfeng Lithium, the lithium producer said on Friday. The agreement will result in benefits to both parties. Ganfeng will supply lithium hydroxide in an amount equal to around 20 per cent of Tesla’s annual battery production, Ganfeng said. * "We expect Ganfeng will continue to be the major if not largest lithium hydroxide supplier of Tesla on the back of this strong demand." Your trusted source for investing success. Ganfeng has now locked in the sector’s two biggest supply pacts, Simon Moores, managing director of Benchmark Mineral Intelligence, told Bloomberg. “We expect Ganfeng will continue to be the major if not largest lithium hydroxide supplier of Tesla on the back of this strong demand.” Its shares jumped. Previously, Tesla also secured a deal to get lithium from Australia and signed a lithium supply agreement with North Carolina mining project that's still in development. In May, Yahua began operating a new lithium hydroxide plant which is capable of producing 20,000 tons per year of the compound. Don’t forget to follow us @INN_Resource for real-time updates! Tesla already purchases lithium in China from the company Ganfeng. Tesla also sources lithium from China’s Ganfeng Lithium, among others, though the company’s supply needs are through the roof right now as the world begins a major transition to EVs. (1% at $16 million = a valuation of $1.6 billion). Ganfeng Lithium along with Albemarle (NYSE:ALB), Sociedad Química y Minera de Chile (NYSE:SQM), Tianqi Lithium, and Livent control more than 70% of the world's lithium supply. Ganfeng said it will supply lithium hydroxide products for Tesla’s batteries from 2018 to 2020, but the deal could be extended by three years. ... Livent has a deal to supply Tesla with lithium hydroxide through 2021, and is trying to extend the partnership, Palandrani said. Its shares jumped. There's been two … Ganfeng Lithium Co Ltd researches and produces lithium products. Your email address will not be published. Established in 2000, Ganfeng is the third-largest lithium compound producer in the world and the leading producer in China. "We expect Ganfeng will continue to be the major if not largest lithium hydroxide supplier of Tesla on the back of this strong demand." Analysts cited by Reuters said the additional Yahua deal underscored Tesla’s “huge demand” for battery-grade lithium hydroxide, “especially given the ramp-up of Model Y production in Shanghai.” Ganfeng, however, would likely remain Tesla’s largest lithium supplier. I also discuss the recent run-up in Tesla stock and caution lithium investors not to get too excited about the likely short term impact Tesla's performance has had on certain lithium stocks. Ganfeng & The Lithium Industry Reshuffle: TNR Gold Plugged Into The Tesla Energy rEVolution With Lithium And Copper Royalties. Ganfeng Lithium is also one of Tesla’s lithium suppliers and is also located in China. * "We expect Ganfeng will continue to be the major if not largest lithium hydroxide supplier of Tesla on the back of this strong demand." If you want more than 20 investor kits, you need to make multiple requests. Tesla already purchases lithium in China from the company Ganfeng. Lithium Forecast 2021: Execs Optimistic on Long-term EV Trend, Lithium Trends 2020: Supply Chain Resilience Takes Center Stage, Cobalt Trends 2020: EV Makers Still Need Cobalt, Top Battery Metals Stocks on the TSX and TSXV, Start Here! The deal could be extended by an additional three years. Tesla also gets lithium from China’s Ganfeng Lithium, one of the world’s largest producers of the material. Please remember that by requesting an investor kit, you are giving permission for those companies to contact you using whatever contact information you provide. This deal comes after the impending expiry of a 3-year deal for lithium hydroxide with Ganfeng Lithium. Tesla, whose share price has climbed by around 700 per cent this year, started delivering the first vehicles from its gigafactory in Shanghai in December 2019. As of 1 p.m. EST on Friday, shares of Ganfeng Lithium were trading at CNY 32.02. Guests M... – Lytt til Q&A: Ganfeng - LAC, Luke, Tesla & Coronavirus fra The Global Lithium Podcast direkte på mobilen din, surfetavlen eller nettleseren - ingen nedlastinger nødvendig. China's Ganfeng to Give Tesla 20% of Its Battery Materials (Yicai Global) Sept. 21 -- In its second deal of the week, Ganfeng Lithium, one of the world's biggest makers of lithium products, and its GFL International unit have agreed to supply Tesla with 20 percent of the Chinese firm's annual output of lithium hydroxide. China's Sichuan Yahua Industrial Group Co Ltd said on Tuesday it had signed a deal to supply battery-grade lithium hydroxide to U.S. electric vehicle (EV) manufacturer Tesla … In this episode we discuss the recent announcement by Lithium Americas regarding a transaction with their partner Ganfeng Lithium. The Ganfeng-Tesla deal is another sign that electric car makers continue to look for ways to secure supply for the expected increase in electric car sales. In November, it was announced that Tesla had also signed a multi-year supply agreement with Philadelphia-based lithium producer Livent. Tesla will designate its battery suppliers to buy lithium-hydroxide products from Ganfeng Lithium Co. and its unit, the Jiangxi-based company said in a filing to the Shenzhen exchange on Friday. Measured against this price range, the total procurement volume is expected to be between 63,000 and 88,000 tons, or 12,600 to 17,600 tons per year, according to analysts quoted by Reuters news agency. Tesla already purchases lithium in China from the company Ganfeng. For full details go to https://investingnews.com/accredited-investor-definition/ or search for "accredited investor" in the search bar above. Yahua may have been chosen because Tesla is seeking more localized and regional supply chains, as the company expects to have a domestic supply of spodumene online in 2022, from the Lijiagou mine in Sichuan, according to Daiwa. In fact, US-based Tesla had already signed a lithium deal with Australia’s Kidman Resources (ASX:KDR) last May. In September, Ganfeng revealed that it has an agreement with Tesla to supply the EV maker with 20% of its annual lithium hydroxide production through … Although, exact volumes of the agreement were not mentioned. Analysts cited by Reuters said the additional Yahua deal underscored Tesla’s “huge demand” for battery-grade lithium hydroxide, “especially given the ramp-up of Model Y production in Shanghai.” Ganfeng, however, would likely remain Tesla’s largest lithium supplier. Oct 29 (Reuters) - Ganfeng Lithium 002460.SZ, 1772.HK, one of the world's top producers of the commodity used in electric-vehicle batteries, on Thursday reported a … And remember you can unsubscribe at any time. (adsbygoogle = window.adsbygoogle || []).push({}); electrive.com is a news service for decision makers in the electric mobility industry. Previously, Tesla also secured a deal to get lithium from Australia and signed a lithium supply agreement with North Carolina mining project that's still in development. Analysts cited by Reuters said the additional Yahua deal underscored Tesla’s “huge demand” for battery-grade lithium hydroxide, “especially given the ramp-up of Model Y production in Shanghai.” Ganfeng, however, would likely remain Tesla’s largest lithium supplier. “Established in 2000, Ganfeng is the third-largest lithium compound producer in the world and the leading producer in China,” according to Global X research. Ganfeng said it will supply lithium hydroxide products for Tesla’s batteries from 2018 to 2020. China’s Ganfeng Lithium lands three-year contract to supply Tesla - MINING.COM Tesla, which started delivering the first vehicles from its gigafactory in Shanghai in December last year, already sources lithium – an ingredient in EV batteries – from China’s Ganfeng Lithium, one of the world’s biggest producers of the commodity. Tesla has been sourcing lithium hydroxide from Ganfeng since 2018. Shares of Chinese top lithium producer Ganfeng Lithium (SHE:002460) jumped more than 10 percent on Friday (September 21) after the miner signed a supply deal with electric car maker Tesla (NASDAQ:TSLA). According to Benchmark Mineral Intelligence, US-based Tesla is estimated to produce at least 26 Gwh of batteries between January 2018 and March 2019 — using around 20,000 tonnes of lithium hydroxide. Our mail-out and online service cover a wide range of relevant stories and developments in electric transport across Europe and beyond. Ganfeng Lithium, LIT's second-largest component, is a major player in China's lithium supply chain. Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article. Ganfeng will provide 20% of its lithium hydroxide production capacity to Tesla between 2018 and the end of 2020 at an adjustable market price, Ganfeng said. The Yahu deal underscores Tesla’s “huge demand” for battery-grade lithium hydroxide, “particularly in view of the ramp-up of Model Y production” in Shanghai, the Daiwa analysts wrote in a note. Yahua commissioned a new lithium hydroxide plant in Yaan (Sichuan province) in May 2020. Our newsletter is published every workday – short, to the point, and free of charge. China's Sichuan Yahua Industrial Group Co Ltd said on Tuesday it had signed a deal to supply battery-grade lithium hydroxide to U.S. electric vehicle (EV) manufacturer Tesla … Made in Germany! Some investment opportunities are limited to accredited investors. ANL 27.90 Increased By … Deal will see China’s No.1 producer of lithium supplying 20 percent of its production to the electric cars maker. Tesla, whose share price has climbed by around 700% this year, started delivering the first vehicles from its gigafactory in Shanghai in December 2019. In September, Ganfeng revealed that it has an agreement with Tesla to supply the EV maker with 20% of its annual lithium hydroxide production through … London-listed Bacanora has now received the £21,963,740 from Ganfeng in exchange for a 29.99% equity interest and a 22.5% joint venture (JV) investment directly in the Sonora lithium project. Select 20, complete the request and then select again. Tesla, whose share price has climbed by around 700 per cent this year, started delivering the first vehicles from its gigafactory in Shanghai in December 2019. multi-year supply agreement with Philadelphia-based lithium producer Livent, Panasonic to launch 4680 cell production in 2021, Year in review: 2020s most electrifying moments, Car review: VW ID.4 – the Tiguan theme’s electric variant, Plug&Charge: The missing link to a breakthrough, Hyundai presents E-GMP electric car platform. According to a report from the Shenzhen Stock Exchange, the contract is worth between 513 and 716 million euros. According to the 2019 semi-annual report, Ganfeng Lithium's overseas revenue accounted for 36.59%, a year-on-year increase of 90.43%, and the pace of internationalization was steady. Livent is known for its relationship with Tesla, being one of its main lithium hydroxide suppliers. Form a Joint-Venture with Lithium Americas to develop the Minera Exar lithium brine project in Argentina. The contract can be extended for a further three years upon expiry. Ganfeng will supply lithium hydroxide in an amount equal to around 20 per cent of Tesla’s annual battery production, Ganfeng said. Tesla will designate its battery suppliers to buy lithium-hydroxide products from Ganfeng Lithium Co. and its unit, the Jiangxi-based company said in a filing to the Shenzhen exchange on Friday. The deal could be extended by an additional three years. 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