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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 Electronics to expand chiller output for AI data centres, invest 150 billion won
LG Electronics will expand production capacity for cooling equipment used in AI data centres in the United States and South Korea. The company will build a new plant in Windsor, Virginia, and add production lines at its Pyeongtaek and Changwon plants, it said on Wednesday. The 150 billion won investment includes facility upgrades and targets chillers used for air and liquid cooling in data centres.
Industry
LG Energy Solution says sole management decision for NextStar driven by strong confidence
LG Energy Solution has completed a battery plant in Windsor, Ontario, and held an opening ceremony on March 5 local time. The company said NextStar Energy is the only battery manufacturing facility in Canada and produces EV batteries and ESS batteries for AI data centres and large power grids. The venture has invested more than 5 trillion won since 2022 and directly employs 1,300 people. LG Energy Solution’s CEO said the sole management decision was driven by strong confidence.
