https://www.copyright link/street-talk/magnis-energy-to-join-tesla-crew-with-binding-offtake-deal-20230220-p5clwh
Industry sources in the United States reckon the binding offtake deal is considerably bigger than an agreement Tesla struck with another ASX-listed graphite play, $1.3 billion group Syrah Resources, last year.
The industry’s been abuzz with chat that Tesla was set to sign another Australian-based manufacturer as a supplier. Sources said Tesla’s been through testing of the company’s technology, to ensure output would match its requirements and had put forward a binding contract with fixed prices and take or pay terms.
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