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Lithium Developer Liontown Adds Ford Pact After Deal With Tesla

  • Australia’s Liontown says supply deal to begin from about 2024
  • Ford unit to provide debt funding for project development
Rocks containing spodumene, a lithium raw material, sit in a stockpile prior to crushing at a lithium mine site in Australia.
Rocks containing spodumene, a lithium raw material, sit in a stockpile prior to crushing at a lithium mine site in Australia.

Source: Bloomberg Creative Photos

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Liontown Resources Ltd. agreed to an initial five-year deal with Ford Motor Co. to supply lithium material from an Australian mine project that’s expected to begin production from 2024.

The plan to supply lithium-bearing spodumene from the Kathleen Valley project in Western Australia adds to earlier pacts sealed with Tesla Inc. and LG Energy Solution.