Lithium extraction company Vulcan adds VW to customer line-up
https://www.reuters.com/markets/commodities/lithium-extraction-company-vulcan-adds-vw-customer-line-up-2021-12-08/
Quotes: "The binding purchase agreement with Volkswagen for lithium extracted from Germany's Upper Rhine Valley region by means of geothermal energy has an initial term of five years with commercial delivery to start in 2026..."
"German-Australian company Vulcan last month signed a preliminary lithium supply deal with carmaker Stellantis, shortly after agreeing a similar deal with rival Renault amid a surge in demand for electric vehicles."
"Vulcan, which has supply agreements with Belgian recycling group Umicore and South Korea's LG Chem, says its direct lithium extraction method uses less land, groundwater and energy than the most-common existing methods of open-pit mines and brine evaporation ponds."
Ann: Binding Offtake Agreement Signed with Volkswagen Group, page-69
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