Industry
LG Energy Solution secures 240,000 tonnes of Canadian lithium concentrate to strengthen North American supply chain
LG Energy Solution said on Thursday it signed a long-term supply contract with North American lithium producer Elevra Lithium to receive a total of 240,000 tonnes of lithium concentrate over four years starting at the end of this year. The material will be produced at the North American Lithium mine in Quebec, Canada. The company said the volume is equivalent to about 30,000 tonnes of lithium hydroxide, enough to make batteries for about 700,000 high-performance electric vehicles.
