Automaker Stellantis has reached a deal to have Controlled Thermal Resources Ltd. supply battery-grade lithium hydroxide for its electric vehicles in North America.
CTR will supply Stellantis, the company that combined PSA Peugeot and Fiat Chrysler, with up to 25,000 metric tons per year of lithium hydroxide over the 10-year term of the agreement.
CTR will produce battery grade lithium hydroxide and lithium carbonate along with geothermal energy in California with a resource production capacity in excess of 300,000 metric tons per year.
“Ensuring we have a robust, competitive, and low-carbon lithium supply from various partners around the world will enable us to meet our aggressive electric vehicle production plans in a responsible manner,” Stellantis CEO Carlos Tavares said in a statement on Thursday….