Lithium: Vulcan Energy to supply Renault

Potential lithium producer Vulcan Energy has signed a second contract with French carmaker Renault. Renault is to buy 26,000 to 32,000 tonnes of lithium from the start-up over six years from 2026, the company said on Monday. The automaker needs the raw material for e-car batteries. In August, a first contract in the volume of up to 17,000 tons had been concluded. The German subsidiary of the Australian company, Vulcan Energie, wants to extract the raw material from thermal water in the Upper Rhine Graben. By simultaneously using the heat of the water extracted from the depths, the lithium should be CO2-neutral.