Australia's Vulcan Energy inks agreement to supply Glencore with lithium
Published by Global Banking and Finance Review
Posted on October 12, 2025

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
Published by Global Banking and Finance Review
Posted on October 12, 2025

(Corrects company name in headline to Vulcan Energy, not Vulcan Resources)
(Reuters) -Vulcan Energy said on Monday that it has signed an agreement with Glencore to supply the mining giant with lithium hydroxide monohydrate from its Lionheart Project in Europe.
The company will supply Glencore with between 36,000 tonnes and 44,000 tonnes of lithium hydroxide monohydrate over an initial eight-year period, which accounts for about 20% of Vulcan's current planned output over the period.
The agreement with Glencore follows deals inked with car maker Stellantis, Umicore and LG Energy Solution, and will be the final offtake agreement for Lionheart Project's Phase One project financing. Vulcan said it is also in discussions with other European automakers.
"Vulcan has now achieved a good mix of offtake partners for Phase One lithium production: an automaker, a battery maker, a cathode manufacturer, and a commodities trader, all with a strong European focus", said Cris Moreno, the company's chief executive officer and managing director.
The Lionheart Project, located at the French-German border, is the largest lithium resource in Europe, according to Vulcan.
(Reporting by Nichiket Sunil in Bengaluru; Editing by David Gregorio)