Search results for Lithium carbonate
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.
Industry
LG Energy Solution secures long-term lithium carbonate supply in U.S.
LG Energy Solution said on Sept. 1 it signed a long-term lithium carbonate supply agreement with U.S. developer Smackover Lithium, a joint venture set up by Standard Lithium and Norway’s state-owned energy company Equinor. Starting in 2029, the company will receive a total of 80,000 tons over 10 years. LG Energy Solution said the deal helps it respond to rising demand, meet IRA requirements and strengthen supply chain and ESG competitiveness in North America.
Industry
Lithium prices rise to $22 as recycled battery sector nears profit turnaround
Lithium prices have climbed from about $8 to $22 in a year, ending a nearly three-year slide in secondary battery raw materials, helping resource recyclers that extract and resell metals from used batteries. The recovery in selling prices is raising expectations that a loss-making stretch of more than 10 quarters could shift to profit. Analysts also point to improving utilisation at new plants. The outlook hinges on supply, including expected new lithium mine operations by China’s CATL in the second half.
