Toronto, ON
Rock Tech Lithium Inc. is pleased to announce the execution of a definitive feedstock supply agreement between Rock Tech‘s subsidiary RTT Lithium SA and C&D Logistics (Qingdao) Co., Ltd., a supply chain enterprise of C&D Group which is ranked 69th on the Fortune Global 500 list.
Under the feedstock supply agreement which was signed on April 23 2024 C&D Logistics will supply up to the full amount of spodumene concentrate required for the operation of Rock Tech‘s Lithium refinery in Germany, the Guben Converter. The deliveries under the agreement will commence in 2025 and have an initial term of five years. The agreement includes a pricing concept based on a lithium hydroxide monohydrate market price index. Exact quantities and prices will be confirmed annually.
C&D Logistics is a major partner of the Australian and Chinese Lithium industry. The company has a long history of close cooperation with existing Lithium converters and operating Lithium mines. C&D Logistics specializes in sourcing and supply chain services. RTT Lithium is a joint venture between Rock Tech and Transamine SA established in 2023 to facilitate the sourcing and trading of spodumene concentrate for Rock Tech‘s converter projects.
Mirco Wojnarowicz, Rock Tech’s VP of Business Development and Director with RTT Lithium comments: “This is a decisive moment for Rock Tech and the European lithium industry. We are honoured to have won one of the largest global companies as our strategic partner. With many years of lithium trading experience and long-standing business relationships with existing spodumene producers in Australia, Africa and Brazil, C&D will help Rock Tech to significantly advance our Guben project.”
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