International news within the industry of mining and metal, Jun, 25 2018
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Australian Kidman Resources signed delivery agreement with Tesla

Kidman Resources team in the Australian desert. Photo: Kidman Resources
Kidman Resources team in the Australian desert. Photo: Kidman Resources
Published by
Markku Björkman - 22 May 2018

The electric car manufacturer Tesla has signed a delivery agreement with Australian Kidman Resources for lithium, reports The West Australian newspaper.

The deal is three years and a first for an Australian company in terms of lithium deliveries to Tesla.

The agreement, whose financial details are secret, also includes an option that allows the delivery to be extended for a further two rounds in three years if the parties so wish.

Kidman Resources has previously been involved in a joint venture with Chilean lithium producer SQM about the development of a lithium project in Australia. Tesla has at the same time been accused of buying a large shareholding in SQM.