Kidman and SQM cooperate in the development of lithium mines and have signed a supply agreement with Tesla

Published: Oct 22, 2018 10:06

Save

SMM10 22 July news: Kidman Resources Co., Ltd. (Kidman Resources Ltd.) The company will work with Chilean SQM to build the Netherlands (Mt.), the company said in a statement on Monday (Holland) the lithium mine and the construction of a refinery in Western Australia to produce lithium hydroxide is expected to generate total revenues of US $33.5 billion over the next 47 years. The project is expected to produce an average of 45254 tons of lithium hydroxide (including C1 cash costs) per year, excluding government royalties and contingency costs, at US $4487 per tonne.

Kidman and partner Sociedad Quimica y Minera de Chile SA said last month that a lawsuit could delay their project, which has been linked to Tesla (Tesla Inc.) Signed a supply agreement.

Kidman will also continue to discuss further acquisitions, with the goal of reaching a binding agreement for 75% of its production in the first few years of the project.

(note: if copyright issues are involved, please contact SMM and we will deal with them in a timely manner.)

SQM Tesla lithium mine

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

15 hours ago

Beijing Launches 500-kV Power Project in Fengtai, Boosting Grid Resilience and Industrial Growth

On January 28th, the construction of the 500-kilovolt power transmission and transformation project in Fengtai, Beijing officially started. This project is the first newly-built 500-kilovolt power grid project in Beijing during the 15th Five-Year Plan period. It will significantly enhance the resilience and power receiving capacity of the southern Beijing power grid and provide reliable power support for Beijing to continuously optimize the investment structure and vigorously develop high-end, precise, and cutting-edge industries. The 500-kilovolt power transmission and transformation project in Fengtai, Beijing is a key project of Beijing's power grid during the 15th Five-Year Plan period and one of the "3 100" key projects in Beijing this year. It is constructed and managed by the State

15 hours ago

Shaanxi-Anhui UHV DC Project's 500-kV AC System at Hezhou Station Begins Operation After Trial Run

On February 1st, the 500-kilovolt AC system of the Hezhou Converter Station, the receiving-end station of the ±800-kilovolt UHV DC power transmission project from northern Shaanxi to Anhui, was officially put into operation after a 24-hour trial run.

15 hours ago

750-kV Power Line Connecting Northern to Central Shaanxi Fully Operational

On February 2nd, the 750-kilovolt power transmission and transformation project of the third passageway from northern Shaanxi to central Shaanxi was fully connected. The project starts from the 750-kilovolt Shuofang Substation in Shenmu City in the north and ends at the 750-kilovolt Bailuyuan Substation in Lantian County in the south. It has newly built a 1,271-kilometer line, passing through 18 counties (districts) in 4 cities including Yulin, Yan'an, Weinan and Xi'an.

15 hours ago