Lithium developer Vulcan Power Assets has signed a second current Deal with Renault from its German enterprise, the supplier said in A press launch.
The announcement acquired here after Vulcan furtherly revealed that it has sought a pause on An factor of the work On the second half of its German enterprise however said it Did not anticipate any delays to its enchancment timeline.
Beneath The latest Renault deal, the automaker will buy between 26,000 to 32,000 metric tons of battery-grade lithium chemical compounds from the Australia-listed agency for an preliminary six-yr interval. Monetary phrases Weren’t disclosed.
The second current settlement between Vulcan and Renault Is about To start out enterprise supply in 2026 under the deal, Vulcan said Inside the assertion.
Vulcan, which is Definitely one of Pretty A pair of corporations testing a direct lithium extraction (DLE) method that makes use of much less land and groundwater, signed a deal in August To current 6,000 to 17,000 tons of lithium yrly to Renault from its geothermal brine deposits in Germany starting in 2026.
Neverthemuch less it has run into opposition from some native municipalities and has requested Germany’s regulators to pause enchancment work for its second half of progress whereas it reengages with stakeholders, the supplier said in a submitting on Friday.
“Vulcan has requested this software consider be paused whereas it engages further with native stakeholders To Guarantee alignment,” it said, including that it Did not anticipate delays to its enchancment timeline.
Vulcan’s preliminary definitive feasibility research is due mid subsequent yr.
Evaluation house JCapital flagged the potential for group opposition to derail Vulcan’s operations when it launched A quick-vendor report final month, which Vulcan dismissed as inaccurate and deceptive.
Vulcan already has lithium current provides with Belgian recycling group Umicore and Stellantis, As properly as to with South Korea’s LG Chem.
Lithium is a core factor for making lithium ion batteries Utilized in electrical automobiles.