Wesfarmers has made a AUS$776 million offer to buy ASX-listed lithium miner Kidman Resources, as the retail conglomerate looks for a pathway into the rising electric vehicle (EV) sector. The offer was pitched at a 47% premium to Kidman’s last closing price and has received the...
Australia is officially the largest producer of lithium in the world after overtaking Chile’s total output in 2017, according to data from United States Geological Survey (USGS). Australia produced 18,700 tonnes of lithium last year, most of which was sourced within the nation’s hard rock lithium...
Tesla has entered a three-year lithium supply deal with Australian miner Kidman Resources, who will provide refined lithium hydroxide to the electric vehicle manufacturer under the agreement. In a statement, Kidman said that the deal is structured on a fixed-price take-or-pay basis, meaning that Tesla will...