Liontown Resources has been in negotiations with US manufacturer Ford and Elon Musk’s Tesla about how much the automaking giants pay for lithium product from its WA mine.

The Goldfields miner inked offtake deals for the sale of hundreds of thousands of tonnes of spoudmene concentrate to its two foundational customers in 2022, when prices were at all-time highs.

Liontown started production at Kathleen Valley in mid-2024, and despite the dire market is backing itself in to manage costs and outlast its peers.

Pricing for ore sold to Tesla under an original arrangement had been tied to battery-grade lithium hydroxide monohydrate, a refined product fetching about $US9124 a tonne, but will now shift towards spodumene concentrate, which averages about $US858 a tonne.

Investors were optimistic

See Full Page