Vulcan Energy Secures Major Glencore Agreement, Finalizing Phase One Funding

Vulcan Energy has achieved a significant milestone by formalizing a strategic supply arrangement with commodities leader Glencore, effectively completing the foundational customer portfolio required for its initial development phase. This eighth major offtake contract strengthens the Australian lithium developer’s position within Europe’s evolving battery supply network.

On October 13, Vulcan Energy entered into a binding eight-year supply agreement with Glencore. Under this arrangement, the commodities group will purchase between 36,000 and 44,000 tonnes of battery-grade lithium hydroxide monohydrate from Vulcan’s Lionheart Project. This volume represents approximately 20 percent of the planned output for the project’s first phase.

The commercial terms incorporate market-based pricing mechanisms and include standard take-or-pay provisions. Read more...