Sept 30 (Reuters) - Liontown Resources ( LINRF ) said on
Tuesday that it has agreed with Tesla to make changes
to the pricing mechanism in their long-term offtake agreement.
The pricing changes come as the lithium miner looks to move
away from lithium hydroxide indices to spodumene concentrate,
part of its bigger goal to be exposed to a "basket" of pricing
references across main lithium products such as lithium
hydroxide, lithium carbonate and spodumene concentrate.
Liontown clarified that there will not be any changes to the
remaining volumes under the agreement for the remainder of the
term, which ends in 2029.
The company is also in talks with Ford Motor ( F ) to revise
their offtake and loan agreements, which Liontown said could
change contract quantities, purchase commitments for future
deliveries, and re-profiling of debt arrangements.