European Lithium has received a massive vote of confidence with premium automobile manufacturer BMW AG signing up to be its first offtake partner for battery-grade lithium hydroxide.
While the agreement is still at an early stage, the fact that a company of BMW’s size and influence has agreed to negotiate suitable commercial terms for the purchase of the battery chemical speaks volumes about the value of its Wolfsberg lithium project in Austria.
BMW AG sold over 2.5 million passenger vehicles and more than 194,000 motorcycles worldwide in 2021 through its BMW, MINI, Rolls-Royce and BMW Motorrad brands.
European Lithium has received a massive vote of confidence with...
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