Graphite One Enters Non-binding Supply Agreement With Lucid Group
Portfolio Pulse from Benzinga Newsdesk
Graphite One has entered a non-binding supply agreement with Lucid Group to provide 5,000 tpa of synthetic graphite once production begins. The agreement is for an initial term of 5 years, with sales based on a price formula linked to future market pricing.
July 25, 2024 | 11:08 am
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Lucid Group has entered a non-binding supply agreement with Graphite One for 5,000 tpa of synthetic graphite over 5 years, linked to future market pricing.
The supply agreement with Graphite One could ensure a steady supply of synthetic graphite for Lucid Group, potentially aiding in production stability and cost management. This is likely to be viewed positively by investors.
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