Stage 1 of the project is to produce 15,000tpa LIOH and Stage 2 is 25,000tpa - making it a combined 40,000tpa project. Therefore, this deal with LGES represents 75% of Stage 1 and 25% of the combined Stage 1 & 2. So either way you look at it, this is a massive deal for VUL and with the world’s leading EV battery cell manufacturer thank you very much!
This will really put a rocket under VW, Stellantis and other OEMs to get on their bike to do a deal with VUL if they have any hope of meeting their carbon neutrality targets. The VW/NV partnership proclaim they will produce the world’s most sustainable batteries - well the only way they can do that is by sourcing LIOH from Vulcan - not importing spodumene from Western Australia.
I suspect we won’t have to wait to long for more offtake deals as this game of poker being played by OEMs of holding out until now and now suddenly the race is on to secure their raw material supply chain!
- Forums
- ASX - By Stock
- VUL
- Ann: Binding Lithium Offtake Term Sheet Signed with LG
Ann: Binding Lithium Offtake Term Sheet Signed with LG, page-27
-
- There are more pages in this discussion • 93 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add VUL (ASX) to my watchlist
(20min delay)
|
|||||
Last
$4.40 |
Change
-0.120(2.65%) |
Mkt cap ! $828.0M |
Open | High | Low | Value | Volume |
$4.48 | $4.52 | $4.28 | $1.550M | 352.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 319 | $4.38 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.40 | 3998 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 319 | 4.380 |
1 | 1674 | 4.370 |
2 | 3967 | 4.360 |
3 | 7242 | 4.350 |
1 | 1674 | 4.340 |
Price($) | Vol. | No. |
---|---|---|
4.400 | 3998 | 1 |
4.430 | 110 | 1 |
4.440 | 8300 | 1 |
4.450 | 15443 | 2 |
4.500 | 10217 | 4 |
Last trade - 16.10pm 01/10/2024 (20 minute delay) ? |
Featured News
VUL (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
Previous Video
Next Video
SPONSORED BY The Market Online