Offtake agreement to fund EUR’s Wolfsberg project

In a major development for Austrian based emerging lithium producer, European Lithium Limited (ASX: EUR) has entered into an agreement with Shandong RuiFu Lithium Co., Ltd (Shandong) for the offtake of spodumene concentrates from its Wolfsberg project (Offtake Agreement) pursuant to a binding terms sheet (Terms Sheet).

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An Ex-Tesla Exec’s $4.2 Billion Battery Battle With Musk

Anna Hirtenstein

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European Lithium aims for fast track production

European Lithium (ASX:EUR) has made significant progress in its aim to fast track production from its Wolfsberg Lithium Project in Austria.

Although the main aim is to produce battery grade lithium carbonate and hydroxide to feed into an integrated lithium to battery supply chain in Europe, management has been cognisant of the potential to supply spodumene concentrate to the European glass-ceramic market.

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This Tesla veteran is building a Swedish gigafactory to make better batteries at half the price – bringing electric cars to the people

After five years at Elon Musk’s side, serving as the CPO of Tesla, Peter Carlsson is back in Sweden to start his own gigafactory, with a venture called SGF Energy. The goal is to produce the next generation lithium ion batteries, at half the current price.

It’s about bringing the electric car to the people and breaking Europe’s carbon dependency.

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Demand for lithium expected to triple

Lithium, or white petrol as it’s becoming known, is a hot commodity. Demand for the metal could triple in the next ten years, driven particularly by a rise in demand for batteries in products like smartphones, laptops and electric cars. Only today a group of leading carmakers including Ford, BMW and Porsche announced they wanted to build a Europe-wide network of charging stations for electric vehicles, and that’s music to the ears of lithium producers like the Canadian firm Wealth Minerals. The BBC’s Jon Bithrey has been talking to its chief executive, Henk Van Alphen.

Release date: 29 November 2016
Duration: 4 minutes

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Electric car rivals plan €1bn ultrafast charging network

Thousands of stations to be installed across Europe by VW, Daimler, BMW and Ford

charging-station-graphic

© FT Graphic / Chris Tosic