Altura Mining has entered into a non-binding MoU with a leading China-based lithium battery and electronic vehicle producing group for the supply of spodumene concentrate offtake from its Pilgangoora Lithium Project in Western Australia.
he way for Altura to enter into an alliance with Optimum Nano as a resource supplied into the expanding lithium battery market.
Optimum Nano was established in 2002 in the city of Shenzhen, China, and is a leader in the lithium iron phosphate battery industry both as a producer of power batteries and electronic vehicle (EV) systems. Optimum Nano has formed an alliance with China based EV groups and has patented technology that has secured more than 26% market share in the rapidly growing Chinese domestic market.
Optimum Nano is looking towards continued expansion of its products and expansion in both downstream and upstream lithium battery products including spodumene concentrate procession.
Altura’s recently agreed partnership with Lionergy has delivered a significant outcome to align with a leading downstream lithium battery producer in Optimum Nano. Lionergy currently has interests in production of lithium iron phosphate or LFP for power battery production in China and will facilitate the ‘mine to market’ concept with Altura as the lithium resource supplier and Optimum Nano as the battery and lithium application provider.