Australia’s Core Lithium said Tesla notified the miner of a potential legal claim after their negotiations for a supply deal fell through in 2022. The potential legal claim is related to a binding term sheet in negotiations with the electric-vehicle giant for the supply of spodumene concentrate, Core said Wednesday in a stock exchange statement. The supply would be sourced from Core’s Finniss lithium project in Australia’s Northern Territory.
Australia’s Core Lithium said Tesla notified the miner of a potential legal claim after their negotiations for a supply deal fell through in 2022.
The Adelaide-based miner and Tesla failed to clinch a pact after nearly seven months of negotiations last year against a backdrop of rocketing prices for the lithium-bearing raw material that is crucial for EV batteries.
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