Rock Tech and Transamine to form Joint Venture Focused on Securing Supply of Spodumene
RTT is expected to offer spodumene producers a single resilient and transparent off-take option by providing feedstock to Rock Tech, which intends to supply lithium to customers in the European automotive sector.
- RTT is expected to offer spodumene producers a single resilient and transparent off-take option by providing feedstock to Rock Tech, which intends to supply lithium to customers in the European automotive sector.
- RTT will be a 50/50 joint venture company to be based in Geneva, Switzerland, which is expected to be formed end 2022.
- In connection with the joint venture, Rock Tech and Transamine have entered into a definitive agreement to establish the terms governing the formation and operations of RTT.
- Future deliveries of spodumene concentrate by RTT to Rock Tech will be governed by long-term feedstock supply agreements to be entered into between RTT and Rock Tech.