Lithium Chile Inc. (TSX.V: LITH) (OTC: LTMCF) Sees Supply Contracts on the Horizon
Automakers signing deals to secure future lithium supply At present, most lithium comes from costly “hard rock” sources Lithium Chile offers low cost output from salars and lagunas Company holds largest privately owned lithium claims in Chile As the electric vehicle (EV) market continues to expand, battery manufacturers and automakers are attempting to assuage their anxiety about future supplies of lithium by signing long-term contracts. In June, Tesla declared that it had struck a deal with Kidman Resources of Australia. Meanwhile, Volkswagen already has agreements in place, to the tune of 40 billion euros ($48 billion), to purchase lithium batteries.…