Transaction will see the Tokyo-based trader acquiring up to 100% of the output coming from Bacanora's Sonora lithium project in Mexico.
Tesla Motors Mining News
The country's sector, dominated by precious metals and zinc, will be well-positioned for the expected price outperformance of these commodities, shows new report.
The company's stock has fared better than many competitors in the last two years, boosted by the resilience of the lithium price, which has tripled since 2000 regardless of the commodity cycle.
The move by the world's largest asset manager shows increasing interest in the lithium market.
The Sonora project holds 5.0 million tonnes of lithium carbonate equivalent, which is 337% higher that the previously reported 1.14 million tonnes.
Still not as great as the current Model S.
Plant means jobs for 6,500 people.
Two vehicle models to be built on same assembly line.
The U.S. decision last month to launch a Renewable Energy and Energy Efficiency Export initiative should turn out to be yet another boon for lithium producers, who are or will be trying to sell into a growing lithium ion battery market for technological and electric car uses.