NextSource inks graphite offtake agreement with Thyssenkrupp
2021-05-28 14:07:06 [Print]
Canadian NextSource Materials and Thyssenkrupp Materials Trading have entered into a long-term partnership to supply graphite for foundries and battery production.
The parties also signed a ten-year offtake agreement for NextSource's SuperFlake graphite.
With this agreement, Thyssenkrupp Materials Trading is NextSource's global sales partner. During the first phase from April 2022, Thyssenkrupp Materials Trading will buy about 7,300 t of graphite from NextSource.
This initial volume will be used by the companies to verify run-of-mill production of SuperFlake concentrate. The offtake volume will increase to up to 35,000t/y by 2024.
The agreement covers the offtake of up to 35,000t/y of the graphite concentrate, to be mined at NextSource's Molo mine, in Madagascar, from the second quarter of 2022.
The parties also signed a ten-year offtake agreement for NextSource's SuperFlake graphite.
With this agreement, Thyssenkrupp Materials Trading is NextSource's global sales partner. During the first phase from April 2022, Thyssenkrupp Materials Trading will buy about 7,300 t of graphite from NextSource.
This initial volume will be used by the companies to verify run-of-mill production of SuperFlake concentrate. The offtake volume will increase to up to 35,000t/y by 2024.
The agreement covers the offtake of up to 35,000t/y of the graphite concentrate, to be mined at NextSource's Molo mine, in Madagascar, from the second quarter of 2022.
