tesla in NT
according to some articles, tesla plans a hydroxide plant in Texas.
down only a few cents from the high today.
spare a thought for leo lithium shareholders, who hope to supply ganfeng with 100% of their 200ktpa spodumene out of a total 500ktpa project (expanding to 800ktpa) with ganfeng owning an equal share.
ganfeng is the world's largest lithium chemicals producer by market cap and supplied around 20% of Tesla's TOTAL lithium chemicals needs and have renewed a contract with tesla.
so that is not 30ktpa or 15% of a small operation, rather 100% of Leo going to Ganfeng which then likely goes to Tesla, all major operations along the way starting with and including Leo Lithium, but no 15% gain today.
Ann: Core and Tesla execute Binding Term Sheet for Lithium supply, page-167
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