Lithium comapnies surge on S.Australian battery

July 7, 2017

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The share prices of Australian lithium companies surged on Friday on news that the South Australian government reached an agreement with US energy major Tesla to install the world’s largest lithium battery in the state.

The South Australian government has taken Tesla CEO Elon Musk at his word that the company could deliver the battery within 100 days, or it would be free, saying that the starting day for the 100-day deadline would be decided once the grid interconnection agreement has been signed.

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