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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

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.