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Tesla’s Lithium Supply Talks Collapse With Australian Miner Core

  • Tight market and surging prices are complicating new pacts
  • Lithium prices in China have smashed records in 2022

Tesla Inc.’s efforts to agree a lithium supply pact with Australian miner Core Lithium Ltd. fell through after months of negotiations against a backdrop of rocketing prices.

A deadline for concluding the terms of a four-year deal passed on Wednesday without any agreement, the Adelaide-based miner said Thursday in a statement. No reason was given for the failure to clinch a pact.