Stellantis secures lithium supply for EV batteries

Stellantis has reached a deal with Controlled Thermal Resources Ltd (CTR) in California that will supply them with up to 25,000 metric tons per year of lithium hydroxide over the next 10 years.


Stellantis NV has secured lithium essential for its electric vehicle production in North America from a project in California, as carmakers worldwide scramble to secure supply of the battery metal key to the electric vehicle revolution.

Controlled Thermal Resources Ltd (CTR) will supply the owner of Jeep and Peugeot with up to 25,000 metric tons per year of lithium hydroxide over the 10-year term of the agreement, Stellantis said on Thursday.

CTR, which operates in California's Salton Sea, is also developing a geothermal lithium brine project to meet General Motors Co's lithium needs.