As part of the deal, Ford will provide Liontown with a $300 million loan to fund the project's development.
"The signing of our third and final foundational offtake agreement is a momentous milestone for Liontown and the Kathleen Valley project, with approximately 90 per cent of Kathleen Valley's start-up capacity now under secured long-term binding offtake agreements," he said. "Ford continues working to source more deeply into the battery supply chain to meet our goals of delivering more than two million electric vehicles annually for our customers by 2026," she said.
Liontown Resources placed an order for a semi-autogenous grinding mill, worth $10 million, in January.
great but we need Australian companies doing this
Make sure they pay big royalties!
Will they be selling the lithium back to us at grossly inflated prices? Yeah, no thanks.
And so we throw away another chance to make a fortune off our own resources. Australia is hopeless at managing this.
And again a multinational sets up to strip mine Australian resources while returning a pittance to the Australian people. Why isn't the Australian govt developing these resources, processing them and selling them to a desperate global market for the benefit of all Australians?
non refined ores need a 75% export tariff, they are extremely valuable global commodities and they are exported at rock bottom prices (pun intended😂). if they were to refine the ores then a 40% export excise should apply. and if they create a finished product then 0% tariff
The whole thing is about to collapse. Climate change hoax dying
How about you guys report some truth? Let's talk about Hunter and Joe? How about Hillary and a fake dossier? Is she going to pay back to taxpayers and 34 million? Is she going to do any jail time? She should. Oh yes she should. X Democrat here after 40 years of loyalty
Australia needs absolutely no assistance in digging up our natural resources, building factories to manufacture products from those resources it seems is totally beyond us.
If it wasn't for countries like Australia, other, more progressive countries wouldn't be able to 'value-add'. Good to see we're doing our bit for the world economy. It should make every Australian proud. 🙃
Lol, they'll need more than that to produce enough materials for their pipedream.
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Source: FinancialReview - 🏆 2. / 90 Read more »