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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

Ecopro BM begins Hungary plant line conversion

Ecopro BM has begun work to convert an existing NCA production line at its Hungary plant into a line that can also produce NCM, it said on Sunday. The move aims to supply high-nickel cathode materials for premium electric vehicles in Europe from the fourth quarter of next year. The conversion is expected to cost about 40 billion won. The Hungary plant began commercial operations in the first half of this year and is running at 54,000 tons of annual capacity.

Industry

EcoPro BM ships first cathode materials to European OEM from Hungary plant

EcoPro BM has shipped high-nickel NCA cathode materials for the first time from its plant in Debrecen, Hungary, for supply to a European automaker OEM, the company said on Tuesday. Executives including CEO Moon-ho Choi attended the shipment ceremony. The complex houses several affiliates and has annual cathode capacity of 54,000 tons across three lines. EcoPro BM plans additional supply to other global OEMs this year and may consider building a second plant.