Vulcan Energy Signs Major Lithium Supply Deal with Glencore for European Project
Vulcan Energy has secured a significant lithium hydroxide supply agreement with mining giant Glencore for its Lionheart Project in Europe. The eight-year deal represents approximately 20% of Vulcan’s planned Phase One output and marks the final offtake agreement for project financing. This partnership strengthens Europe’s position in the global electric vehicle supply chain.
Australian lithium developer Vulcan Energy has signed a strategic supply agreement with global mining giant Glencore to provide lithium hydroxide monohydrate from its European operations, marking a significant advancement in the continent’s electric vehicle battery supply chain. The eight-year deal represents approximately 20% of Vulcan’s planned Phase One production capacity and solidifies the company’s position as a key player in Europe’s green energy transition.