The operator of the Northern Territory's newest mine has signed a contract to supply lithium to major electric vehicle manufacturer Tesla, causing a jump in the miner's share price.Core Lithium will supply around 25 per cent of the mine's lithium output over four yearsCore Lithium started construction on its lithium mine, around 80 kilometres south-west of Darwin, in October 2021, and aims to produce its first lithium in the final quarter of 2022.
Tesla has also agreed to support Core Lithium's further expansion of its Finniss project and development of lithium chemical processing capacity. "Core is really excited to sign this lithium supply agreement with Tesla, which links Core and the Northern Territory to the world's highest-value and leading electric car manufacturer," Mr Biggins said.
"And enabling the growth and use of renewable energy storage by providing enough lithium for the globe to produce batteries for renewable energy storage."
Because people are stupid enough to buy Tesla and make richest man richer