LG Energy Solution signs 8,000-ton lithium carbonate supply deal with Smackover
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- 1LG Energy Solution (373220.KS) has signed a binding offtake agreement with Smackover Lithium for 8,000 tons of battery-grade lithium carbonate.
- 2Smackover, a JV of Standard Lithium (SLI, 55%) and Equinor (EQNR, 45%), will supply the material annually for 10 years from its SWA project in the U.S.
- 3The deal supports building a U.S. battery supply chain and meeting foreign entity of concern requirements for cathode materials.
This 3-line summary is compiled from the report below.
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